NeutraDC, AMD join hand to drive AI ecosystem integration in Southeast Asia

NeutraDC Singapore Pte. Ltd. and AMD have signed a memorandum of understanding to integrate AI solutions in Southeast Asia. The partnership will explore AMD Instinct accelerators and AI integration initiatives, including joint research and training programs. This collaboration aims to advance AI adoption, improve business capabilities, and strengthen competitive edge in the region. NeutraDC, part of Telkom Indonesia, operates a Digital Ecosystem Hub with 29 data centers, offering services to support AI-driven business solutions.

AMD Stock Shrugs Off Lukewarm Analyst Coverage with Nvidia's (NVDA) Help

AMD stock rose nearly 2% on Thursday despite lukewarm analyst coverage, buoyed by Nvidia's strong earnings report, which alleviated concerns about an AI bubble. Nvidia's results have renewed interest in AI component companies, benefiting AMD and others. AMD's stock has surged 88.72% year-to-date and 62.59% over the past 12 months. CEO Lisa Su is optimistic about the AI data center market, projecting it to reach $1 trillion by 2030, with AMD aiming to be a key supplier.

AMD's U.S. stock initially rose by about 4%. The Saudi AI company Humain announced that it will establish a joint venture with AMD and Cisco Systems, planning to build and operate AI infrastructure of up to 1 gigawatt (GW) in Saudi Arabia by 2030

AMD and Arm Continue to Gain CPU Market Share From Intel in Q3, BofA Says

AMD and Arm gained CPU market share from Intel in Q3, driven by stronger unit growth in PCs and servers, according to BofA. Intel's growth was limited by supply constraints. AMD showed strong pricing trends, while Arm strengthened its server position. BofA sees AMD and Arm benefiting from server demand tied to AI, with AMD estimating the server CPU market could exceed $60 billion by 2030.

Mizuho Securities Co. Ltd. Has $576,000 Position in Advanced Micro Devices, Inc. $AMD

Mizuho Securities Co. Ltd. increased its stake in AMD by 137.4% in Q2, holding $576,000 worth of shares. Analysts have varied ratings for AMD, with price targets ranging from $265 to $300. The stock has a consensus rating of "Moderate Buy" and trades at $223.55, with a market cap of $363.95 billion.