Latest news with #DanMcNamara
Business Insider
2 days ago
- Business
- Business Insider
AMD EPYC Deal Offers ‘Leadership Performance' to Nokia
Advanced Micro Devices (AMD) stock jumped on Wednesday after the semiconductor company announced a deal with wireless provider Nokia (NOK). AMD has agreed to supply Nokia with 5th Gen AMD EPYC processors that will power the company's Nokia Cloud Platform. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Nokia picked AMD as the heart of its Cloud Platform due to the strength and energy efficiency of EPYC processors. This allows it to offer robust support to customers of its 5G network while still meeting sustainability goals. Dan McNamara, Senior Vice President and General Manager of AMD's Server business, said, 'Working together with Nokia, we're using the leadership performance and energy efficiency of the 5th Gen AMD EPYC processors to help our customers build and operate high-performance, and efficient networks.' AMD Analyst Ratings And Stock Movement In other news, several top analysts have recently weighed in on AMD stock as the company continues to play catch-up with Nvidia (NVDA). Citi analyst Christopher Danely reiterated a Hold rating but increased his price target to $120 from $100, implying a 2.63% downside. KeyBanc analyst John Vinh maintained a Hold rating without a price target for the shares. Cantor Fitzgerald analyst C J Muse kept a Buy rating and raised his price target to $140 from $120, suggesting a 13.6% upside for AMD stock. AMD stock was up 0.83% in pre-market trading today following a 1.24% rally yesterday. This has the stock up 2.03% year-to-date, but it remains down 23.09% over the past 12 months. Is AMD Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for AMD is Moderate Buy, based on 22 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $127.93, representing a potential 3.81% upside for the shares.
TECHx
3 days ago
- Business
- TECHx
AMD EPYC Powers Nokia Cloud Platform for 5G Efficiency
Home » Emerging technologies » Cloud Computing » AMD EPYC Powers Nokia Cloud Platform for 5G Efficiency AMD (NASDAQ: AMD) announced that Nokia has integrated 5th Gen AMD EPYC™ processors into the Nokia Cloud Platform. This move brings enhanced performance and power efficiency to next-generation telecom infrastructure. According to AMD, the processors will help telecom operators manage the growing complexity and scale of 5G networks. Dan McNamara, senior vice president and general manager of AMD's Server Business, stated that customers need solutions offering performance, scalability, and energy efficiency. He added that AMD is working with Nokia to deliver high-performance and efficient networks using 5th Gen AMD EPYC processors. Nokia reported that this extended collaboration highlights its commitment to innovation through diverse chip partnerships in 5G infrastructure. Kal De, senior vice president of Product and Engineering, Cloud and Network Services at Nokia, noted the processors support Nokia's goals of performance and sustainability. The AMD EPYC 9005 Series will power containerized workloads critical to: 5G Core Edge computing Enterprise applications By deploying the processors within its Cloud Platform, Nokia aims to deliver strong performance per watt. This is a key requirement for modern telecom networks that must handle rising data demands while reducing environmental impact. The companies revealed that the partnership will offer telecom customers solutions that meet high-performance needs with better energy use.
Yahoo
4 days ago
- Business
- Yahoo
Nokia Taps AMD Processors To Power Next-Gen 5G Networks
Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday announced that Nokia Corp. (NYSE:NOK) has included 5th Gen AMD EPYC processors to power the Nokia Cloud Platform. Dan McNamara, senior vice president and general manager of Server Business, AMD, highlighted how telecom operators sought infrastructure solutions that combine performance, scalability, and power efficiency to manage the growing complexity and scale of 5G networks. Kal De, senior vice president of product and Engineering, Cloud and Network Services at Nokia, said the new 5th Gen AMD EPYC processors offer high performance and impressive energy efficiency, enabling Nokia to meet the demanding needs of its 5G customers while contributing to the industry's sustainability goals. Also Read: The processors will be deployed within the Nokia Cloud Platform, a key component that supports containerized workloads foundational to 5G Core, edge, and enterprise applications. By integrating the AMD EPYC 9005 Series processors into the Nokia Cloud Platform, Nokia will deliver impressive performance per watt. AMD stock is down over 24% in the last 12 months as it grappled with intensifying competition with Nvidia Corp. (NASDAQ:NVDA) with additional headwinds from the Trump administration's tariff policies. Bank of America Securities analyst Vivek Arya expressed optimism across computing and networking for GPU (Nvidia and AMD) and ASIC (Marvell Technology (NASDAQ: MRVL)) vendors after attending a tech conference on Monday. Nvidia remains best positioned to benefit from the ongoing AI tide, supported by a multi-year lead in performance (AI scaling), pipeline, incumbency, scale, and developer support, Arya noted. The analyst said that AMD continues to see strong sell-through in the second quarter, aided by higher-ASP new products, and could even see seasonal second-half strength. Price Action: AMD stock is trading higher by 0.14% to $121.90 premarket at last check Tuesday. Read Next:Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? ADVANCED MICRO DEVICES (AMD): Free Stock Analysis Report NOKIA (NOK): Free Stock Analysis Report This article Nokia Taps AMD Processors To Power Next-Gen 5G Networks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-04-2025
- Business
- Yahoo
AMD Powers Google Cloud's New AI Servers Promising 80% Boost In Speed
Advanced Micro Devices, Inc (NASDAQ:AMD) on Wednesday announced the new Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud C4D and H4D virtual machines (VMs), which fifth-generation AMD EPYC processors power. The latest additions to Google Cloud's general-purpose and HPC-optimized VMs deliver leadership performance, scalability, and efficiency, from data analytics and web serving to high-performance computing (HPC) and AI. Based on Google Cloud's testing, leveraging the advancements of the AMD 'Zen 5' architecture allowed C4D to deliver up to 80% higher throughput/vCPU compared to previous generations. Nvidia's Custom GPU Enhances Nintendo Switch 2 With AI Features, Real-Time Ray Tracing, 4K Support AMD SVP Dan McNamara noted that its partnership with Google Cloud enabled it to rapidly adopt the latest AMD EPYC processors and deliver consistent high-performance and cost-efficient instances for its most demanding customers. Google Cloud VP Mark Lohmeyer noted that C4D and H4D instances powered by AMD EPYC processors can help businesses benefit from advanced performance and efficiency tailored to their cloud-native and enterprise applications. AMD stock plunged 52% in the last 12 months as it battled with Nvidia Corp (NASDAQ:NVDA) for market share. Wedbush analyst Daniel Ives cited AMD as among the vulnerable tech companies, including Apple Inc (NASDAQ:AAPL) and Nvidia, after China's finance ministry announced a 34% tariff on all goods imported from the U.S., effective April 10, in response to the U.S. administration's 54% duties imposed by the Trump-led administration. Jefferies analysts expect the tariffs to continue to put downward pressure on semiconductor stocks, including AMD. DA Davidson's Gil Luria highlighted that companies like Microsoft Corp (NASDAQ:MSFT) and Inc (NASDAQ:AMZN) have already begun to scale back their data center investments due to financial uncertainty. President Trump's sweeping new trade tariffs sparked a dramatic sell-off last Thursday. Wall Street witnessed a staggering $2 trillion wiped from market value, with the 10 largest U.S. companies alone accounting for $1 trillion of those losses. Price Action: AMD stock is up 20.10% at $93.96 at the last check on Wednesday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? ALPHABET (GOOGL): Free Stock Analysis Report ADVANCED MICRO DEVICES (AMD): Free Stock Analysis Report This article AMD Powers Google Cloud's New AI Servers Promising 80% Boost In Speed originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Associated Press
09-04-2025
- Business
- Associated Press
5th Gen AMD EPYC Processors Deliver Leadership Performance for Google Cloud C4D and H4D Virtual Machines
— New instances provide enterprises with high-performance, scalable, and cost-effective cloud computing solutions — SANTA CLARA, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced the new Google Cloud C4D and H4D virtual machines (VMs) are powered by 5th Gen AMD EPYC™ processors. The latest additions to Google Cloud's general-purpose and HPC-optimized VMs deliver leadership performance, scalability, and efficiency for demanding cloud workloads; for everything from data analytics and web serving to high-performance computing (HPC) and AI. Google Cloud C4D instances deliver impressive performance, efficiency, and consistency for general-purpose computing workloads and AI inference. Based on Google Cloud's testing, leveraging the advancements of the AMD 'Zen 5' architecture allowed C4D to deliver up to 80% higher throughput/vCPU compared to previous generations. H4D instances, optimized for HPC workloads, feature AMD EPYC CPUs with Cloud RDMA for efficient scaling of up to tens of thousands of cores. 'Since our launch, 5th Gen AMD EPYC solutions have been widely adopted across our OEM partners, enterprise customers, and now we're excited to bring it to the cloud,' said Dan McNamara, senior vice president and general manager, Server Business, AMD. 'Our deep technology partnership with Google Cloud enabled them to rapidly adopt the latest AMD EPYC processors to deliver consistent high performance and cost-efficient instances for their most demanding customers.' 'Google Cloud is committed to delivering high-performance, secure, and scalable compute solutions to our customers,' said Mark Lohmeyer, vice president and general manager, Compute and Machine Learning Infrastructure, Google Cloud. 'With the introduction of C4D and H4D instances powered by AMD EPYC processors, businesses can benefit from cutting-edge performance and efficiency, tailored to their cloud-native and enterprise applications.' Both C4D and H4D virtual machines are available in preview now, with general availability planned for later in the year across multiple global regions. Supporting Resources About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and Twitter pages. AMD, the AMD Arrow logo, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
