Don't be greedy, share it:

AMD Stock Rockets As Google, Twitter Adopt Its New Data-Center Chips

Chipmaker Advanced Micro Devices (AMD) scored high marks for its second-generation Epyc data-center chips, and the news sent AMD stock surging by double digits on Thursday.

AMD announced late Wednesday that Twitter (TWTR) and Alphabet (GOOGL) unit Google have joined the roster of customers adopting Epyc processors. Meanwhile, Hewlett Packard Enterprise (HPE) and Lenovo announced immediate deployment of the new server chips.

"Today, we set a new standard for the modern data center with the launch of our 2nd Gen AMD Epyc processors that deliver record-setting performance and significantly lower total cost of ownership across a broad set of workloads," Chief Executive Lisa Su said in a news release.

She added, "Adoption of our new leadership server processors is accelerating with multiple new enterprise, cloud and HPC (high-performance computing) customers choosing Epyc processors to meet their most demanding server computing needs."

AMD Stock Leaps Over 10-Week Moving Average

Other customers using the new Epyc chips include Microsoft (MSFT), Cray (CRAY), Dell Technologies (DELL) and VMware (VMW).

The new Epyc chips provide twice the performance of their predecessors. The second-generation processors feature up to 64 Zen 2 cores made at 7-nanometer scale. Circuit widths on chips are measured in nanometers, which are one-billionth of a meter.

On the stock market today, AMD stock jumped 16.2% to 33.92. AMD stock leaped above its 10-week moving average line in a bullish sign. It is approaching its 13-year high of 34.86, reached on July 16.

AMD Looks To Take Market Share From Intel

The new server chips could help AMD grab market share from Intel (INTC), Morgan Stanley analyst Joseph Moore said in a report to clients Thursday. Moore rates AMD stock as equal weight with a price target of 30.

"The headline will be AMD's claim that Epyc 2 has 100% better performance than Intel's Cascade Lake," Moore said. "We think that's an aggressive claim, but regardless this is a very powerful chip."

Epyc 2 Launch Could Be Turning Point In Silicon Valley

Rosenblatt Securities analyst Hans Mosesmann called AMD's Epyc 2 unveiling Wednesday in San Francisco a historic event.

The event "may prove to be one of the biggest turning points in the history of Silicon Valley and computing," Mosesmann said in a report Thursday. "AMD's intentions are to own the data center. All of it."

Mosesmann rates AMD stock as buy with a price target of 42.

The Epyc 2 introduction will have "significant industry reverberations that will play out favorably for AMD over the next several years," he said. Intel will struggle to keep up with AMD given its problems with 10-nanometer chip production and server chip delays, Mosesmann said.

The Rebel's Guide To Options Trading

Don Kaufman delivers what readers are calling 'HIS BEST YET!' In this exclusive Guide, Don will give you ALL the secrets he's taught millions of other traders to help guide them along in their successful options trading journey...

Now, this is NOT for those who only want to make a HALF attempt...nope...this is ONLY for those serious about becoming a better trained, more profitable, and long term options trader!

If that's YOU...Download Your Copy below:

Download Now