AMD Wins Meta, Microsoft As Clients, Targets Nvidia With Processors

Meta Platforms Inc FB, or former Facebook, has chosen Advanced Micro Devices Inc's AMD EPYC chips, the chipmaker declared during its Accelerated Data Center Premiere event.
The companies collaborated to develop a high-performance, power-efficient processor based on the company's 3rd Generation EPYC processor.
AMD also announced upcoming EPYC processors codenamed "Genoa" and "Bergamo," taking at rival NVIDIA Corp NVDA.
AMD dubbed the Genoa processor as the "world's highest performance processor for general-purpose computing."
AMD's Q3 FY21 sales rose 54% year-on-year to $4.3 billion. The EPS surged 134% Y/Y.
"We believe AMD will continue to gain material server/PC share in 2021/2022driven by performance leadership, while Intel continues to struggle on10/7nm," Barclays analyst Blayne Curtis said.
Microsoft Corp MSFT will also use the new AMD Milan X Chips in Azure, Street Insider reports.
Price Action: AMD shares traded higher by 11.50% at $152.02 on the last check Monday.