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ADVANCED MICRO DEVICES, INC.

(AMD)
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Amazon's cloud unit launches new chips to take on Intel, Nvidia

11/30/2021 | 01:30pm EST

Nov 30 (Reuters) - Amazon.com Inc's cloud computing unit on Tuesday introduced two new custom computing chips aimed at helping its customers beat the cost of using chips from Intel Corp and Nvidia Corp.

With $45.37 billion in sales in 2020, Amazon Web Services (AWS) is the world's biggest cloud computing provider and one of the biggest buyers of data center chips, whose computing power AWS rents out to its customers. Ever since buying a startup called Annapurna Labs in 2015, AWS has worked to develop its own custom chips.

On Tuesday, the company released the third generation of its "Graviton" chip that is designed to compete with central processor from Intel and Advanced Micro Devices. The "Graviton3" is 25% faster than its predecessor, and Dave Brown, vice president of Elastic Compute Cloud at Amazon, told Reuters that the company expects it to provide a better performance per dollar than Intel's chips.

AWS also said that a new class of chip called Trainium, which is designed to train machine learning computer models and will compete against chips from Nvidia, will soon be available to its customers. AWS expects it to train machine learning models for 40% lower cost than Nvidia's flagship chip.

AWS still works closely with Intel, AMD and Nvidia - for example, it is working with Nvidia to pair its Graviton processors to providing a way for Android game developer to stream their titles to devices. Brown said AWS wants to keep the computing market competitive by offering an additional chip choice.

"We have thrown down the gauntlet on performance. And I believe that in the years to come, you'll see better performance from all of them - Intel, AMD - on price-performance specifically. That's the thing they have got to keep our customers happy on." (Reporting by Stephen Nellis in San Francisco; editing by David Evans)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. -1.29% 126.5 Delayed Quote.-10.86%
AMAZON.COM, INC. 0.11% 3127.52 Delayed Quote.-6.25%
INTEL CORPORATION 0.24% 53.71 Delayed Quote.4.12%
NVIDIA CORPORATION 0.97% 252.52 Delayed Quote.-14.77%
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Analyst Recommendations on ADVANCED MICRO DEVICES, INC.
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Financials (USD)
Sales 2021 16 134 M - -
Net income 2021 3 017 M - -
Net cash 2021 4 037 M - -
P/E ratio 2021 52,3x
Yield 2021 -
Capitalization 155 B 155 B -
EV / Sales 2021 9,35x
EV / Sales 2022 7,70x
Nbr of Employees 12 600
Free-Float -
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Technical analysis trends ADVANCED MICRO DEVICES, INC.
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Mean consensus OUTPERFORM
Number of Analysts 39
Last Close Price 128,27 $
Average target price 141,81 $
Spread / Average Target 10,6%
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Managers and Directors
Lisa T. Su President, CEO & Non-Independent Director
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
John Edward Caldwell Chairman
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Keivan Keshvari Senior Vice President-Global Operations
Sector and Competitors
1st jan.Capi. (M$)
ADVANCED MICRO DEVICES, INC.-10.86%154 900
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BROADCOM INC.-15.24%232 849
INTEL CORPORATION4.12%218 073
QUALCOMM, INC.-5.69%193 166