Oleblue
2 hours ago
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175471714
Advanced Micro Devices (AMD)’s Supercomputing Power Overtakes Nvidia
The Advanced Micro Devices, Inc. (NASDAQ:AMD)-powered El Capitan claimed the top spot in the 64th edition of the TOP500 list of the world’s most powerful supercomputers.
“The new El Capitan system at the Lawrence Livermore National Laboratory in California, U.S.A., has debuted as the most powerful system on the list with an HPL score of 1.742 EFlop/s,” according to TOP500. “It has 11,039,616 combined CPU and GPU cores and is based on AMD 4th generation EPYC processors with 24 cores at 1.8GHz and AMD Instinct MI300A accelerators.”
The system uses HPE’s (NYSE:HPE) Cray Slingshot 11 network for data transfer and achieves an energy efficiency of 58.89 Gigaflops/watt.
“AMD GPU cores overtook NVIDIA (NASDAQ:NVDA) for the first time, boosted by El Capitan which accounted for ~37% of AMD’s total accelerator cores on the list,” said Wells Fargo analysts, led by Aaron Rakers, in a note on the rankings. “AMD’s share of CPU cores hit an all-time high at 29% and systems, while NVIDIA GPUs grew to 184 (ex-China) versus 166 a year ago.”
Advanced Micro Devices (NASDAQ:AMD) bulls believe the market should stop comparing the company’s chips with Nvidia and focus on its data-center growth and its competitive edge over other players like Intel. Advanced Micro Devices (NASDAQ:AMD)’s strong growth in the data center segment is indeed impressive, driven by Instinct GPU shipments and strong sales of EPYC CPUs. Advanced Micro Devices (NASDAQ:AMD) will continue to benefit from organic growth catalysts in this segment despite the competition from Nvidia. According to Goldman Sachs Research, global data center demand could surge by 160% by 2030. In the U.S., data centers are projected to use 8% of total power by 2030, up from 3% in 2022. McKinsey estimates that adding the required U.S. capacity will need over $500 billion in infrastructure investment by the decade’s end.
Advanced Micro Devices (NASDAQ:AMD)’s forward adjusted PEG ratio is about 40% lower than the median for the tech sector (XLK).
Columbia Threadneedle Global Technology Growth Strategy stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2024 investor letter:
“Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) lagged the market after the company reported earnings results that, while generally strong, left the market wanting more. The company reported AI revenue of ~$600 million and increased its forward-looking outlook for AI revenue growth, but shares took a breather, as results missed elevated expectations after the stock’s strong performance. Despite the stock’s underperformance during the quarter, the company’s AI story remains very much intact. The growth outlook for the company is supported by better cloud demand, enterprise recovery and continued share gains ahead of the company’s new AI product launch.”
Overall, AMD ranks 7th on our list of top AI stocks on investors’ radar these days. While we acknowledge the potential of AMD, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
https://finance.yahoo.com/news/advanced-micro-devices-amd-supercomputing-143316722.html
doc2016
1 day ago
ionq announces "COLLEGE PARK, Md., December 02, 2024--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leader in the quantum computing and networking industry, today announced the launch of its quantum operating system, now called IonQ Quantum OS, and a collection of new capabilities named IonQ Hybrid Services suite. "
JJ8
1 day ago
Sadly due to their own lack of knowing when to sell to take profits, get angry at those who know.
They don't realize that the market is not possible to exist without both buying and selling.
They reveal their own lack of a basic understanding of the two pillars of the market.
Buy-and-hold can become easily, in reality, buy-and-hope. And usually the majority of the participants in the stock market become losers- long term and short term losers unfortunately. That's not taking charge of what one needs to learn asap in the stock market.
It is more important to learn and know when to Sell than to Buy from my own long experience in the stock market.
T/A is there to help with timing when one stops their addiction to greed.
When one gets rid of thinking LT based on greed, learning how to combine the F and T/A can help both with their timing in Buying and Selling their stocks, and do it safely most of the time. There is no perfection in this business.
Just some thoughts.
Thanks, & Cheers & GLTY.