AMD Expands Collaboration With Viettel Group for 5G Network

Zacks2022-12-02

Advanced Micro Devices AMD recently announced the expansion of its partnership with Viettel High Tech (Member of Viettel Group) to deploy a 5G network field to serve the latter’s more than 130 million...

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AMD expects the completion of Viettel’s 5G mobile network by the end of 2022.\nThe recent collaboration reflects how AMD is benefitting from its acquisition of Xilinx. AMD’s acquisition of Xilinx strengthened its technology portfolio and expand its rapidly growing data center business. The buyout also helped AMD address other high-growth market segments like 5G networking, gaming, communications, automotive, industrial and aerospace, high-performance computing, Artificial Intelligence (AI) and Machine Learning (ML).\nAs AMD looks to transition out of the slowing PC market, it is seeking to address other high-growth markets to boost top-line growth and improve margins.\nAMD reported third-quarter 2022 revenues of $5.7 billion, an increase of 29% year over year.\nIts results reflect lower-than-expected client segment revenues resulting from reduced processor shipments due to weaker demand in the PC market and significant inventory correction actions across the PC supply chain.\nThe volatile macroeconomic situation created by the high inflation, rising interest rate hikes, the Russia-Ukraine war and uncertain forex situation, has the broader tech sector in the doldrums, specifically reflected by AMD’s semiconductor peers NVIDIA and Intel INTC, which also bore the brunt of the situation.\n\nAdvanced Micro Devices, Inc. Price and Consensus\n\nAdvanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote\n\nIn the year-to-date period AMD, NVDA and Intel’s shares have all underperformed the Zacks Computer and Technology sector which have fallen 48.6%, 46.7%, and 39.8%, respectively. The Zacks Computer and Technology sector declined 12.4% in the same period. AMD, currently has Zacks Rank #5 (Strong Sell).\nYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nHowever, AMD’s third-quarter 2022 results also reflect solid rise in high-growth business segments like data center and gaming.\nAMD Addressing Megatrends to Boost Prospects\nAMD has constantly been improving the performance of its Ryzen, Xilinx and Pensando processors to help address the increasing proliferation of Artificial Intelligence (AI) and Machine Learning (ML) in industries like cloud, gaming and data center.\nHowever, as it ventures into new markets, the company faces rising competition from the likes of Intel.\nIntel is still the leading name in the consumer PC market and is the major competitor of AMD in this segment. INTC is gradually reducing its dependence on the PC-centric business by transitioning to data-centric businesses such as AI and autonomous driving.\nTo beat the rising competition and drive top-line growth in the coming quarters, AMD partnered with Meta Platforms META to venture into the metaverse.  AMD’s radio chip Xilinx Zynq UltraScale RFSoC will be utilized to develop multiple Evenstar radio units (RU) to expand 4G/5G mobile network infrastructure, which is crucial for the metaverse.\nAMD’s collaboration with Meta will aid the company in expanding its semi-custom chip business, which will help to increase its foothold in high-growth markets like AI and ML.\nAMD is also addressing high-performance computing (HPC) in partnership with Hewlett Packard HPE and the U.S. Department of Energy’s Oak Ridge National Laboratory by building the Frontier supercomputer, which can make 1,000,000,000,000,000,000 calculations per second.\nAMD’s partnership with HPE bodes well, as it helped the former to build the world’s fastest supercomputer.\nAMD has taken a major space in the HPC segment as AMD powers 5 of the top 5 HPCs. This is expected to positively impact AMD’s top-line growth in the coming quarters.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIntel Corporation (INTC) : Free Stock Analysis Report\nAdvanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report\nHewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report\nMeta Platforms, Inc. (META) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2288969235"}