Dr. Lisa Su, Chairman and CEO of Advanced Micro Devices, Inc (NASDAQ: AMD ), announced via press release that she will deliver the opening keynote speech at COMPUTEX, which will be held from June 4-7, 2024 in Taipei, Taiwan. The company will also launch a campaign on June 3, 2024 at the Taipei Nangang Exhibition Center, ,, “The Future of High Performance Computing in the AI Era” CEO Dr. Lisa Su, said that they will join with partners and customers to explore how AMD is pushing the boundaries of artificial intelligence and high-performance computing from data centers to end-user devices and appliances.
AMD is also gaining 33% of the global server CPU market and preparing for a major launch of new processors. Among other things, the company is also partnering with Microsoft Corp (NASDAQ: MSFT ), which uses AMD processors and servers in its data centers, such as the Azure cloud. The two companies have a long history of working together on graphics processing units (GPUs) for smartphones and high-bandwidth memory (HBM) chips, which are key to artificial intelligence devices.
AMD’s major clients include American Express Co (NYSE: AXP ), Shell Plc (NYSE: SHEL ) and STMicroelectronics NV (NYSE: STM ). AMD also announced plans to launch next-generation PCs with artificial intelligence in the second half of the year, which could significantly refresh the PC market. This speaks to the high potential of the company, which has seen its stock rise 33% in 12 months. Advanced Micro Devices, Inc (NASDAQ:AMD) is also likely to expand its partnership with Samsung Electronics Co (OTC:SSNLF) to develop technology to process 3-nanometer chips. This was also announced by AMD CEO Lisa Su at the imec ITF World 2024 conference in Belgium, where she said that these plans to mass produce next-generation chips with 3nm Gate-All-Around (GAA) technology are a reality.
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These facts have attracted multinational investment corporations and private investors to buy shares of Advanced Micro Devices Inc (NASDAQ:AMD), for which an average target price of USD 192.56 per share has been set for the short to medium term investment horizon.
