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AMD Analysts On ZT Systems Buy: 'A Step in the Right Direction' To Narrow Gap With Nvidia
Benzinga· 2024-08-20 18:51
Advanced Micro Devices Inc AMD has caught the market’s attention with its latest strategic move—the acquisition of ZT Systems, a privately-held company known for its expertise in compute infrastructure.As AMD aims to bolster its AI systems capabilities, Wall Street analysts have shared their mixed reactions. Here’s a look at what the experts have to say about this $4.9 billion deal and its implications for AMD's future.JPMorgan On AMD Stock: Narrowing The Gap With NvidiaJPMorgan analyst Harlan Sur maintains ...
AMD Buys ZT: Can Expanding AI Footprint Push the Stock Higher?
ZACKS· 2024-08-20 15:50
Advanced Micro Devices (AMD) is strengthening its data center AI footprint with the announced acquisition of ZT Systems for roughly $4.9 billion in cash and stock. The transaction includes a contingent payment of up to $400 million upon achieving certain milestones post-completion. The deal, expected to close in the first half of 2025, will expand AMD’s data center AI footprint. ZT System serves a number of the world’s largest hyperscalers through its AI and general-purpose compute infrastructure offerings. ...
AMD's acquisition of ZT Systems a signal GPU market prospects remain robust: analysts
Proactiveinvestors NA· 2024-08-20 15:49
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Prediction: AMD Just Made Its Most Important Acquisition to Lead the AI Era
The Motley Fool· 2024-08-20 12:49
Advanced Micro Devices announced its plans to acquire ZT Systems for $4.9 billion.In today's video, I discuss recent updates impacting Advanced Micro Devices (AMD 4.52%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Aug. 19, 2024. The video was published on Aug. 19, 2024. ...
3 High P/E Stocks That Are Still Worth Buying Right Now
MarketBeat· 2024-08-20 12:00
One of the most common fundamental metrics that investors use to analyze stocks is the price-to-earnings (P/E) ratio. This ratio tells you how much you’re paying for $1 of a company’s profits. The formula is: P/E ratio = price per share/earnings per share In general, the lower the number, the better, but the ratio will change depending on the industry. For example, the P/E ratio for technology stocks will be higher than that of utilities stocks. That’s because many investors are willing to pay a higher shar ...
ChatGPT-4o price prediction for AMD stock as it agrees $5 billion deal
Finbold· 2024-08-20 08:37
In a bid to bolster its competitiveness in the artificial intelligence (AI) arena, Advanced Micro Devices (NASDAQ: AMD) acquired ZT Systems for nearly $5 billion on August 19.This acquisition aims to bolster AMD’s position in a fight with Nvidia (NASDAQ: NVDA). ZT Systems is tasked with providing hardware solutions for cloud systems to companies like Microsoft (NASDAQ: MSFT) and enhancing AMD’s GPU-producing capabilities.Amid such a huge deal, Finbold decided to use AI, more precisely ChatGPT-4o from OpenAI ...
AMD buying server maker ZT Systems for $4.9 billion as chipmakers strengthen AI capabilities
Techxplore· 2024-08-20 06:08
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: An Advance Micro Devices (AMD) logo is shown on a computer at Best Buy in Mountain View, Calif., Oct. 14, 2009. Credit: AP Photo/Paul Sakuma, File AMD is buying server maker ZT Systems in a cash-and-stock deal worth $4.9 billion as the chipmaker strengthens its artificial intelligence capacity in its efforts to compete with Nvid ...
Watch These AMD Price Levels as Stock Jumps After AI-Related Acquisition
Investopedia· 2024-08-20 03:00
Key TakeawaysAdvanced Micro Devices jumped Monday on news the chipmaker beefed up its AI portfolio with a $4.9 billion purchase of data center infrastructure provider ZT systems.AMD shares have recently trended higher from the lower trendline of a descending channel, though trading volumes have remained below-average throughout the majority of the move, indicating a lack of conviction by larger market participants.AMD shares may find support at key chart levels including $150 and $122, but encounter resista ...
超威半导体FY24 Q2业绩点评:AI引领持续高增长,算力芯片稳步推进
国泰君安· 2024-08-20 00:11
AI 引领持续高增长,算力芯片稳步推进 AMD(AMD.US) [Table_Industry] 海外信息科技 [Table_Invest] 评级: 增持 ——超威半导体 FY24 Q2 业绩点评 [table_Authors] 秦和平(分析师) 0755-23976666 qinheping027734@gtjas.com 登记编号 S0880523110003 本报告导读: 营收利润均超预期,下季度指引提升;微软扩大 MI300X 应用,AMD 计划 GPU 芯 片稳定迭代;CPU 落地良好,Q3Zen5 推出将带来新增量。 投资要点: [Table_Summary] 盈利预测与投资建议:短期看,云厂商高 capex 支撑需求;长期看, 芯片产品路线逐年升级。我们小幅调整公司 FY2024E-FY2026E 的 营业收入为 259.2/329.2/391.8 亿美元(前值为 270.5/337.0/404.0 亿 美元);对应小幅调整 NON-GAAP 净利润为 62.7/96.4/115.7 亿美元 (前值为 56.8/86.57/145.9 亿美元)。基于 FY2025 P/E 30x,给予 FY20 ...
S&P 500 Gains and Losses Today: AMD Stock Rises on Plans To Acquire Server Firm
Investopedia· 2024-08-19 21:50
Key TakeawaysThe S&P 500 gained 1% on Monday, Aug. 19, securing its eighth straight winning session ahead of this week's Jackson Hole Economic Symposium.AMD shares moved higher after the chipmaker said it would acquire server manufacturer ZT Systems.Shares of printer and PC maker HP lost ground following a downgrade by analysts at Morgan Stanley, who cited limited upside potential. Major U.S. equities indexes moved higher to open a new trading week. Over the next few days, investors will likely scrutinize c ...