Latest news with #NokiaCloudPlatform
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
