MSFT

Microsoft Corporation

267.70
USD
3.41%
267.70
USD
3.41%
241.51 349.67
52 weeks
52 weeks

Mkt Cap 2.01T

Shares Out 7.51B

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Why AMD Stock Popped Today

What happened Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 6.6% on Thursday after the semiconductor leader said it had completed its $1.9 billion purchase of Pensando Systems. So what AMD plans to integrate Pensando's distributed services platform into its data center lineup. Pensando's data processing units (DPUs) and software are used by cloud computing heavyweights such as Microsoft (NASDAQ: MSFT), IBM, and Oracle. "Pensando's leadership DPU complements our data center product portfolio, enabling AMD to offer solutions that can significantly accelerate data transfer speeds while providing additional levels of security and analytics that will play a larger role in defining the performance of next-generation data centers," CEO Lisa Su said in a press release. Now what Microsoft is a particularly important partner. The tech titan's Azure platform is second only to Amazon Web Services in the massive and rapidly expanding cloud infrastructure market. AMD has been working to strengthen its ties to Microsoft. The chipmaker said on Thursday that Microsoft was adopting its Instinct MI200 accelerators to run large-scale artificial intelligence training processes. The companies also plan to work together to better support developers using this advanced technology. "AMD Instinct MI200 accelerators provide customers with cutting-edge AI and HPC [high-performance computing] performance and will power many of the world's fastest supercomputer systems that push the boundaries of science," said AMD executive Brad McCredie. Judging by its stock price gains on Thursday, investors are excited about AMD's advances in the data center arena and its budding partnership with Microsoft. 10 stocks we like better than Advanced Micro Devices When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Advanced Micro Devices wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of April 27, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Joe Tenebruso has the following options: long January 2024 $2,000 calls on Amazon. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, and Microsoft. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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