Advanced Micro Devices (AMD) has officially agreed to purchase server builder ZT Systems in a cash and stock deal valued at $4.9 billion. The Futurum Group...
) has officially agreed to purchase server builder ZT Systems in a cash and stock deal valued at $4.9 billion. The Futurum Group chief market strategist Cory Johnson joins Market Domination Overtime to discuss the implications of this acquisition for AMD's future.). He points out that Nvidia 's systems are"complete," with the company managing operations well beyond just chip sales.
And it has made a real complete system and more of a moat, this gives a MD something closer uh further along in their efforts to be more like NVIDIA, certainly not there at all, uh even with this, but it certainly gives them a big leap forward. And you know, how, what does it tell us about the kind of demand there is out there if so for these kind of engineers?Roughly if those are, the numbers are right from what we understand.
Uh But the idea of designing systems, not just selling chips but but selling designs systems into data centers, into the hyper scalars is a different approach than A MD has been able to muster in the past and, and make no mistake about it.They are the number two player in this space and they're trying to catch up to what NVIDIA has been doing and if the numbers we're seeing are right, this is a pretty cheap deal.
ZT Systems Nvidia Advanced Micro Devices Market Domination Complete Systems Chief Market Strategist
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500, Nasdaq, Dow hold onto gains, Advanced Micro Devices acquires ZT Systems: Yahoo FinanceThe major indexes (^DJI,^GSPC, ^IXIC) are holding onto last week’s gains ahead of Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole later in the ...
Read more »
Nvidia’s slide drags Nasdaq lower, investors eye Microsoft & AMD results: Yahoo FinanceNvidia shares are falling sharply as the rotation out of Big Tech names into small caps continue. The chip giant’s decline has been a drag on the S&P 500 and...
Read more »
Nvidia stock soars 10% after strong AMD results, bullish call from Morgan StanleyNvidia shares were soaring as tech stocks led markets higher following strong results from AMD and a positive note from analysts at Morgan Stanley.
Read more »
Nvidia stock soars nearly 13% after strong AMD results, bullish call from Morgan StanleyNvidia shares soared as tech stocks led markets higher following a bullish note from analysts at Morgan Stanley and strong results from AI chip peer AMD.
Read more »
AI capex spending has been a driving chip stocks: AnalystAdvanced Micro Devices' (AMD) second quarter results have fueled optimism that the AI trade may not be over yet, leading to a pop in Nvidia (NVDA) shares...
Read more »
Secure Orbit Inc. - Unveiling the FutureSecure Orbit Inc. is commited to advanced design, advanced manufacturing, and community investment.
Read more »