Advanced Micro Devices Inc (AMD)

[abrooklyn]

AMD Completes Acquisition of Silo AI to Accelerate Development and Deployment of AI Models on AMD Hardware

Source: GlobeNewswire Inc.

AMD (NASDAQ: AMD) today announced the completion of its acquisition of Silo AI, the largest private AI lab in Europe. The all-cash transaction valued at approximately $665 million furthers the company’s commitment to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem.
Silo AI brings a team of world-class AI scientists and engineers to AMD experienced in developing cutting-edge AI models, platforms and solutions for large enterprise customers including Allianz, Philips, Rolls-Royce and Unilever. Their expertise spans diverse markets and they have created state-of-the-art open source multilingual Large Language Models (LLMs) including Poro and Viking on AMD platforms. The Silo AI team will join the AMD Artificial Intelligence Group (AIG), led by AMD Senior Vice President Vamsi Boppana.

“AI is our number one strategic priority, and we continue to invest in both the talent and software capabilities to support our growing customer deployments and roadmaps,” said Vamsi Boppana, AMD senior vice president, AIG. “The Silo AI team has developed state-of-the-art language models that have been trained at scale on AMD Instinct accelerators and they have broad experience developing and integrating AI models to solve critical problems for end customers. We expect their expertise and software capabilities will directly improve the experience for customers in delivering the best performing AI solutions on AMD platforms.”

About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the anticipated benefits of AMD’s acquisition of Silo AI Oy, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; the competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD's ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD's reliance on Microsoft and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantee of Xilinx’s notes and the revolving credit agreement; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses;? impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

Contact:
Brandi Martina
AMD Communications
[phone]
[e-mail]

Suresh Bhaskaran
AMD Investor Relations
[phone]
[e-mail]



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[DiscoverGold]

$AMD *SIZE* Leaps Buyer
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• $AMD SIZE LEAPS BUYER.



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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 5,796 Shares of Advanced Micro Devices Inc. (AMD)
By: Ark Invest Daily | August 7, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/7.





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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 105,002 Shares of Advanced Micro Devices Inc. (AMD)
By: Ark Invest Daily | August 6, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/6.





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[pepeoil]

yep,, nice, lessss gooooo AMD

[JJ8]

Share price Double Bottom Breakdown today on 6-Aug-2024. BLTA

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 22,838 Shares of Advanced Micro Devices Inc. (AMD)
By: Ark Invest Daily | August 5, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/5.



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[pepeoil]

It held up real well to the people who thought today was the end. Lol

[DiscoverGold]

$AMD relative strength today is hard to ignore
By: TrendSpider | August 5, 2024

• $AMD relative strength today is hard to ignore.



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[Spuds McKenz66]

ya cool happy for you AMD

[pepeoil]

Weeeeeeeee. Lesss gooooo amd

[Spuds McKenz66]

war may have triggered it lower , looks good now AMD

[lvhd]

Ouch

[52172]

Lol lets see where it goes this week!

[pepeoil]

I think it might go higher, not to the moon higher, but higher

[Lime Time]

I think it might go lower. Not fake covid lower but almost lower

[52172]

Beautiful price!

[52172]

Love the nvda chip drlay and the bad intc news prepare to rocket!

[pepeoil]

And was on sale yesterday and we still finished green

[pepeoil]

Time will tell, but I loaded the boat with this chit on this dip

[52172]

Loaded more 131.90’s

[52172]

Were bulletproof

[52172]

Back up the truck headed to 250 plus easily

[koolmc]

Green while the market is tankong :)

[Mr.Fields]

Intel's difficulties underscore AMD's solid performance in tough times. As the global economy recovers, AMD is set to capitalize on the improving conditions.

[pepeoil]

I guess I will throw more money at it and see what happens. It’s only money, we can always get more

[pepeoil]

This chit is unreal man. Now I am a baggie

[Spuds McKenz66]

nice , going lower still AMD

[Spuds McKenz66]

ya will see AMD cheers

[Stock Guy777]

I don’t think I will get that low so good luck! Actually ya should’ve jumped in today. ;)

[Stock Guy777]

LOL! i’m still up from the 80s so … Don’t sweat it tho. It’ll be back up!

[pepeoil]

We had fun, lol. The money is gone

[Spuds McKenz66]

this one is being stalked by scumbags , look to enter around 110 gl AMD

[Spuds McKenz66]

millions of dollars were spent at over 200 calling people dumb is bs, just to be clear i said u were right but i don't need you to tell me or any other person. I sold out at 154 to 151 took a loss , you move on. and for the other eastern clown do tell what is your next move? so we can praise u all mighty jack wagon lol AMD

[Spuds McKenz66]

I did you were right , nice call AMD

[lvhd]

Don’t touch it.

[Lime Time]

Big drop. Looks like a good entry

[Lokotony]

This is full CONTROL of the market. After hour money will pick up all of the discounts and the market will SCREAM tomorrow. There isn't even any REAL data for this to follow yesterday's half step forward. 5 steps back!

[Nebuchadnezzar]

i told you to fade this at $150

if you didnt listen

i am happy you didnt listen ;)

[Lokotony]

SUCH BS! 10 steps backwards over past two+ weeks, half step forward yesterday and now, stepping backwards again!

[Nebuchadnezzar]

dumb money always buys at the top

[Lokotony]

THIS MARKET, such a ripoff!

[Nebuchadnezzar]

AMD easy fade at 150

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 328,527 Shares of Advanced Micro Devices Inc (AMD)
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[CharlesNet]

Sold AMD and went to SITM

[Spuds McKenz66]

made on NVDA this AM , sold out on AMD @ about 150 acting badly , scumbags hard at work shorting I'll buy back at 100 maybe one day

[pepeoil]

This turd is damaged goods man

[DiscoverGold]

2 Semiconductor Stocks AMD | NVDA Enjoying Sector-Wide Rally
By: Schaeffer's Investment Research | July 31, 2024

• Advanced Micro Devices stock is leading the chip sector charge

• Morgan Stanley named Nvidia a top pick

Advanced Micro Devices, Inc. (NASDAQ:AMD) is leading the chip sector's charge today, last seen up 10.1% to trade at $113.28 after the company's strong second-quarter results. Plus, reports that U.S. export restrictions on China will be less aggressive than previously anticipated are boosting sentiment.

AMD is bouncing off a familiar floor at the $135 level, which also served a launching pad in January. Shares are on track for their highest single-day percentage jump since February, after a rally earlier this month ran out of steam before reaching $190. AMD added 29.6% over the past 12 months.

Nvidia Corp (NASDAQ:NVDA) stock is also surging today, up 9.6% to trade at $113.66 at last glance. Morgan Stanley named the company a top pick earlier today, and said it is now a great time to buy shares after an overdone selloff.

NVDA yesterday hit its lowest level since May, after getting rejected at the $135 region as it attempted to rally toward a June 20, record high of $140.76. Nvidia stock is up 131.1% so far this year, though.

Options traders are blasting both AMD and NVDA today, with call volume running at double the intraday average for both. The weekly 8/2 160-strike call is the most popular contract for the former, and for the latter the most active is the 115-strike call in that same series.

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[Nebuchadnezzar]

AMD rejection at 200 day