Lisa Su, president and chief government officer of Advanced Micro Devices (AMD), holds a third technology Ryzen desktop processor whereas talking throughout a keynote session on the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019.
David Paul Morris | Bloomberg | Getty Images
Advanced Micro Devices jumped 14% on Thursday after the semiconductor producer stated Google and Twitter are utilizing the corporate’s latest knowledge heart processors.
At an occasion in San Francisco on Wednesday afternoon, AMD introduced the launch of the second technology of its EPYC chips designed for high-performance makes use of like within the cloud or inside massive enterprises. It’s a enterprise dominated by Intel, which controls about 98% of the market, however the place AMD is seeking to quickly increase. According to a latest report from Atlantic Equities, AMD’s share of the information heart market ought to develop to 25% in a decade from 2% final yr.
Google stated that it is deployed the upgraded EPYC processors internally and subsequent yr will add them to its cloud engine that is utilized by different corporations to run workloads. Twitter introduced that, due to the facility reductions that come with the brand new chips, it plans to scale back prices associated to knowledge heart infrastructure by 25%.
“Twitter is committed to reducing our environmental impact of our datacenters by finding innovative ways to increase efficiency,” Jennifer Fraser, senior director of engineering at Twitter, stated within the press launch. With the EPYC processors, “we can scale out our compute clusters with more cores in less space using less power,” she stated.
Other corporations that say they’re utilizing AMD’s new processors or providing them to prospects embody Microsoft, which is previewing the chips in a few of its Azure cloud choices, Hewlett Packard Enterprise, Lenovo and Dell.
After Thursday’s rally, AMD shares are up 83% this yr, whereas Intel shares are just about flat. However, within the chipmaker’s newest earnings launch final month, it reported a 13% decline in income from the prior yr and lowered its full-year forecast, partly due to a slide in demand for processors utilized in gaming consoles. The inventory dropped 10% on the report.
WATCH: AMD CEO Lisa Su on second-quarter earnings
https://www.cnbc.com/2019/08/08/amd-shares-surge-14percent-after-google-and-twitter-sign-on-with-epyc-chips.html