New products

These new products drive up AMD’s stock price

Today’s video focuses on Advanced micro-systems (NASDAQ: AMD) and its recent keynote, in which management announced numerous product updates. Here are some highlights from the video.

  1. During the keynote, AMD divided the needs of data centers into four categories: general purpose, technical, accelerated, and cloud native. AMD also showcased many products designed to meet each of these needs.
  2. AMD also announced Meta-platforms (NASDAQ: FB) as Milan’s new customer, AMD’s third-generation server processor. Meta Platforms recently announced a strong push into data centers as it pursues the goal of creating a metaverse.
  3. Many products are expected from AMD in the near future. Milan-X, an update to its third-generation server processor, is slated for release in the first quarter of 2022, and its fourth-generation processors are on track for the end of the year. AMD also announced a new server GPU, the MI200.

Click on the video below for my full thoughts and analysis.

* The stock prices used were the noon prices on November 9, 2021. The video was posted on November 9, 2021.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

Jose Najarro owns shares of Advanced Micro Devices and Meta Platforms, Inc. The Motley Fool owns shares of and recommends Advanced Micro Devices and Meta Platforms, Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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