Advanced Micro Devices, Inc. AMD 2.88% shares jumped 7 percent on Wednesday after the company launched its EPYC 7000 series server processors.
The launch marks AMD’s return to the server business, and EPYC could provide boost to the company’s revenue growth and gross margins, according to Wells Fargo analyst David Wong.
At AMD’s launch event on Tuesday, the company announced nine EPYC 7000 processors with up to 2-socket configurations. Single and dual socket systems make up more than 90 percent of the server market, a market on which rival Intel Corporation INTC 1.29%currently has a firm grip.
Purley Xeon
Intel has its own highly-anticipated product launch event scheduled for July 11, when it’s expected to reveal its next generation Purley server platform. The Purley Xeon server CPU platform is based on Intel’s Skylake processor architecture and is expected to trigger an enterprise refresh cycle.
However, it seems Intel investors see EPYC as a real threat, as Intel shares sank 1.7 percent on Wednesday.
At AMD’s launch event, Microsoft Corporation MSFT 1.41% and Baidu Inc (ADR) BIDU 0.87% both announced intentions to integrate EPYC into their systems. Hewlett Packard Enterprise Co HPE 0.59% also announced it will be including EPYC in some of its systems starting with Cloudline CL3150 later this year. In addition, Asus, Gigabyte, Inventec, Lenovo, Supermicro, Tyan and Wistron are all currently working on integrating EPYC into their systems as well.
“We believe…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
