AMD share price jumps 10% following announcement of partnership with Meta

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AMD continues to catch up with industry leader Intel through a new partnership with Meta.

AMD had a very good Monday after the company announced that Meta would be one of its major chip customers. Shortly after AMD announced that the company formerly known as Facebook would be added to its customer list, shares of the former rose more than 11%.

“AMD announced that Meta is the latest major hyperscale cloud company to adopt AMD EPYC processors to power its data centers,” the statement read. AMD press release. “AMD and Meta have worked together to define a cloud-scale open single-socket server designed for performance and energy efficiency, based on the 3rd generation EPYC processor. Further details will be discussed at the Open Compute Global Summit later this week. “

Monday’s Accelerated Data Center Premiere event offered a first look at 3rd Generation AMD EPYC processors with AMD 3D V-Cache. Technology will also fuel Microsoft Azure HPC virtual machines, which will be presented at a special private preview event. 3rd generation EPYC processors with AMD V-Cache will launch in Q1 2022 with Cisco, Dell, Lenovo, HPE, and Supermicro among companies looking to adopt the technology.

At the time of this post, AMD actions amount to around $ 151, a jump of almost 15%. The Meta partnership represents a major blow for AMD, which has gradually won over industry leader Intel over the past two years.

More details on AMD’s new partnership with Meta will be revealed later this week. Shacknews will be keeping an eye on this story and coming back with any updates.

Editor-in-chief

Ozzie has been playing video games since buying his first NES controller at the age of 5. But he was pulled after spending years in QA circles for THQ and Activision, mostly spending time helping push the Guitar Hero series to its peak. Ozzie has become a huge fan of platformers, puzzle games, shooters, and RPGs to name a few genres, but he’s also a huge fan of anything that has a good, compelling story behind it. Because what are video games if you can’t enjoy a good story with a fresh Cherry Coke?


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