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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Advanced Micro Devices, Inc.    AMD

ADVANCED MICRO DEVICES, INC.

(AMD)
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Amazon designs more powerful data center chip

12/04/2019 | 01:55pm EST
Amazon office front desk pictured in Manhattan, New York

(This December 3rd story corrects typo in paragraph two)

(Reuters) - Amazon.com Inc said on Tuesday it had designed a more powerful data center processor chip, as it looks to pose a serious challenge to the domination of market leaders Intel Corp and Advanced Micro Devices Inc.

The AWS Graviton2 processor, which is estimated to be seven times faster than its previous chip, uses technology from SoftBank Group Corp-owned Arm Holdings.

Reuters reported last week that Amazon was looking to design a data center processor chip to power its cloud unit.

Data center processor chips are used in cloud computing, an area that is fast emerging as a big business.

With the new chip, Amazon is looking to reduce its reliance on processors made by Intel and AMD to power its money-spinning cloud business, AWS.

Intel currently controls more than 90% of the server processor market, with AMD controlling most of the remainder.

(Reporting by Neha Malara in Bengaluru)

Stocks treated in this article : Intel Corporation, Amazon.com, Advanced Micro Devices

© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. 1.69% 90.2 Delayed Quote.-3.23%
AMAZON.COM, INC. 2.17% 3338.45 Delayed Quote.0.20%
AT HOME GROUP INC. 7.35% 24.08 Delayed Quote.45.28%
INTEL CORPORATION 0.78% 59.22 Delayed Quote.16.40%
LETS HOLDINGS GROUP CO., LTD. -1.06% 7.45 End-of-day quote.-4.24%
LINE CORPORATION 0.00% 5350 End-of-day quote.0.00%
LOOK HOLDINGS INCORPORATED 1.97% 931 End-of-day quote.-2.72%
SOFTBANK GROUP CORP. 2.90% 8946 End-of-day quote.11.02%
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Financials (USD)
Sales 2020 9 540 M - -
Net income 2020 1 224 M - -
Net cash 2020 1 879 M - -
P/E ratio 2020 90,1x
Yield 2020 -
Capitalization 107 B 107 B -
EV / Sales 2020 11,0x
EV / Sales 2021 8,49x
Nbr of Employees 11 400
Free-Float 99,0%
Chart ADVANCED MICRO DEVICES, INC.
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Technical analysis trends ADVANCED MICRO DEVICES, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 93,39 $
Last Close Price 88,75 $
Spread / Highest target 35,2%
Spread / Average Target 5,22%
Spread / Lowest Target -85,4%
EPS Revisions
Managers and Directors
NameTitle
Lisa T. Su President, CEO & Non-Independent Director
John Edward Caldwell Chairman
Keivan Keshvari Senior Vice President-Global Operations
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Sector and Competitors
1st jan.Capitalization (M$)
ADVANCED MICRO DEVICES, INC.-3.23%106 862
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED22.08%599 348
NVIDIA CORPORATION2.38%330 936
INTEL CORPORATION16.40%240 430
BROADCOM INC.5.49%187 853
QUALCOMM INCORPORATED7.50%186 163