AMD strengthens its position in AI with $4.9 billion acquisition of ZT Systems
- Acquisition of ZT Systems: $AMD announced the acquisition of ZT Systems for $4.9 billion, strengthening its position in artificial intelligence and data center infrastructure.
- Competitive Advantage: This acquisition will enable $AMD+5.7% to better compete with Nvidia, which dominates the AI and data center technology space.
- Focus on AI: $AMD plans to retain only the ZT Systems systems design division and focus on developing AI technologies.
- Market Reaction: Following the acquisition announcement, $AMD+5.7% shares rose 2%, while Nvidia shares fell slightly by 0.1%.
AMD is awesome and in my opinion now sells for a much better price than Nvidia. The latter may be king, but the 2s, 3s and others on the market are still pretty good. I like what they are doing.
Great info, thanks! .... Good news for shareholders, of which I count myself among them. I "missed the train" with $NVDA+4.0% but as Martin says, it would be great if $AMD+5.7% was "dear" to Nvidia. 😁