In its drive to expand access to its AMD-powered AI, big data, and cloud computing (ABC) services, Advanced Micro Devices, Inc. (NASDAQ:AMD) announced today the availability of EPYC single socket platforms on Baidu’s (NASDAQ:BIDU) ‘ABC’ datacenters.
Utilizing the compute performance and advanced feature-set of the AMD EPYC™ processor in a single-socket platform allows Baidu to efficiently optimize and deliver massive storage and compute services to its customers. Baidu expects to further expand its use of AMD EPYC processors across its global datacenters beginning in the first quarter of 2018.
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“By offering outstanding performance in single-processor systems, the AMD EPYC platform provides flexibility and high-performance in our datacenter, which allows Baiduto deliver more efficient services to our customers,” said Liu Chao, senior director, Baidu System Technologies Department. “Baidu’s mission is to make a complex world simpler through technology, and we are constantly looking to discover and apply the latest cutting-edge technologies, innovations, and solutions to business. AMD EPYC processors provide Baidu with a new level of energy efficient and powerful computing capability.”
“Baidu is a long-recognized pioneer in datacenter innovations, and with their adoption of AMD EPYC they continue down that path by leveraging our single-socket innovations to power their ABC strategy,” said Scott Aylor, corporate vice president, and general manager, AMD Enterprise Solutions. “It is a thrilling experience to work side-by-side with Baidu to explore the capabilities of AMD EPYC and maximize its application across their customers’ workloads.”
With support for 128 lanes of PCIe® connectivity, an AMD EPYC processor delivers 2.6X the I/O density than competitive solutions1 and enables Baidu to achieve a level of scale and efficiency unrivaled in high-performance x86. The combination of performance from the EPYC processor cores, and compute and I/O density packaged in a single-socket configuration, provides the ideal platform for Baidu’s next generation cloud services.
Shares of Advanced Micro Devices are currently trading at $10.13, up $0.23 or 2.37%. AMD has a 1-year high of $15.65 and a 1-year low of $9.42. The stock’s 50-day moving average is $11.13 and its 200-day moving average is $12.52.
On the ratings front, AMD stock has been the subject of a number of recent research reports. In a report issued on November 29, Goldman Sachs analyst Toshiya Hari reiterated a Sell rating on AMD, with a price target of $10.40, which implies an upside of 5% from current levels. On the other hand, on November 28, Mizuho’s Vijay Rakesh reiterated a Buy rating on the stock and has a price target of $17.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Toshiya Hari and Vijay Rakesh have a yearly average return of 33% and 28.7% respectively. Hari has a success rate of 83% and is ranked #282 out of 4722 analysts, while Rakesh has a success rate of 71% and is ranked #26.
Overall, 4 research analysts have rated the stock with a Sell rating, 8 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $14.49 which is 46.4% above where the stock closed yesterday.