2 Big Updates for AMD Investors
Advanced Micro Devices (NASDAQ: AMD) has had a great month, as it reported a record revenue quarter and year during itsearnings callon Feb. 1. Today's video focuses on the recent adoption of AMD's products and an update on the closing of its Xilinx (NASDAQ: XLNX) acquisition. Here are some highlights from the video.
- On Feb. 10, AMD announced that Google (NASDAQ: GOOGL) (NASDAQ: GOOG) will increase its adoption of AMD's third-generation server processors to use in Google Cloud instances. Even though this is not the first time Google has chosen AMD, it strengthens the bullish thesis of big tech adopting AMD processors at record levels.
- Lisa Su, the CEO of AMD, reported that data center revenue doubled year over year, driven by the growing adoption of AMD processors. Data centers now make up over 20% of AMD's total revenue.
- Valentine's Day could be filled with merger and acquisition news, as AMD has received all approvals necessary for its Xilinx acquisition. The transaction is expected to be on or around Feb. 14.
Click the video below for my full thoughts and analysis.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jose Najarro owns Advanced Micro Devices and Alphabet (C shares). The Motley Fool owns and recommends Advanced Micro Devices and Alphabet (A shares). The Motley Fool recommends Alphabet (C shares) and Xilinx. 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.
