AMD launches new data centre CPU in challenge to Intel

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AMD launches new data centre CPU in challenge to Intel
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AMD launched its latest data centre chip and said Microsoft, Google and Oracle would be some of its customers.

latest data centre chip on Thursday and said Microsoft’s Azure, Alphabet-owned Google Cloud and Oracle would be some of its customers.

“What that means for enterprises and for cloud data centres is that it translates into lower capex, lower opex and lower total cost of ownership,” she said. Shares of AMD soared about 14%, mirroring the rise in peers such as Nvidia, which gained over 13% on signs of cooling inflation. The Philadelphia SE Semiconductor index surged 8.7%.

“With this latest generation, they have made a huge leap in performance not only against Intel, but against their previous generation … so that makes the viability of an AMD-based solution much more real,” said Bob O’Donnell, an analyst for TECHnalysis Research.

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