- AMD shares rose about 2% after Susquehanna raised its price target to $620 from $550 with a Positive rating.
- AMD reported Q2 data-center revenue of $6.7 billion, up 107% year over year, and total Q2 revenue of $11.5 billion.
- The Q3 revenue guide of approximately $13 billion is attributed to demand for EPYC and Instinct processors and broader AI-driven demand.
- Vultr plans to deploy AMD Instinct MI355X GPUs in a 20-megawatt supercluster in Chennai, India, to support AI development.
- AMD is scheduled to report Q3 results on November 3.
Quotes
“Cloud infrastructure provider Vultr plans to deploy AMD's Instinct MI355X graphics processors in a 20-megawatt supercluster in Chennai, India”