Advanced Micro Devices (NASDAQ:AMD) announced today that the National Institute for Nuclear Physics (INFN) in Italy has picked the AMD EPYC 7351 processor to power its high-performance computing cluster.
INFN, a leading European research institution, conducts theoretical and experimental research in the fields of subnuclear, nuclear, and astroparticle physics while offering access to its exceptional processing resources across Europe.
“As a tier one provider of clustered compute and storage for the largest currently ongoing experiments in physics, INFN delivers access to the massive amount of processing required for advanced research in nuclear physics,” said Luca dell’Agnello, head of the tier one center, INFN. “With the adoption of AMD EPYC into the institute, we are offering the latest generation of processing capability to our users and expanding the overall compute capabilities.”
The 16-core AMD EPYC 7351 provides the full complement of 128 lanes of PCIe connectivity and eight memory channels available on all EPYC 7000-series processors.
“We are extremely proud to have the high-performance AMD EPYC processor selected for the INFN datacenter,” said Scott Aylor, corporate vice president and general manager of Datacenter Products, AMD. “High-performance computing is another environment where the AMD EPYC processor feature set stands out for its ability to deliver scalable support for the compute and storage resources required for advanced research.”
On the ratings front, AMD has been the subject of a number of recent research reports. In a report released today, Merrill Lynch analyst Vivek Arya reiterated a Buy rating on the stock, with a price target of $20, which represents a potential upside of 28% from where the stock is currently trading. However, on June 20, Bernstein Research’s Stacy Rasgon reiterated a Hold rating on the stock and has a price target of $13.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Vivek Arya and Stacy Rasgon have a yearly average return of 19% and 2.8% respectively. Arya has a success rate of 62% and is ranked #281 out of 4830 analysts, while Rasgon has a success rate of 55% and is ranked #2030.
Sentiment on the street is mostly bullish on AMD stock. Out of 16 analysts who cover the stock, 7 suggest a Buy rating , 6 suggest a Hold and 3 recommend to Sell the stock. The 12-month average price target assigned to the stock is $15.67, which represents a slight upside potential from current levels.