Advanced Micro Devices, Inc. (NASDAQ:AMD) Moves Towards South On The Chart

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Advanced Micro Devices Inc.

In the last trading session, the stock price of Advanced Micro Devices, Inc. (NASDAQ:AMD) declined more than 3% to close the day at $10.54. The decline came at a share volume of 50.74 million compared to average share volume of 53.16 million. After the recent decline, the market cap of firm was noted at $10.2 billion. More recently, Baidu Inc (NASDAQ:BIDU) and Advanced Micro reported the immediate obtainability of AMD-powered AI, big data, & cloud computing services.

The details

Using the advanced feature-set and compute performance of the AMD EPYC™ processor in an exclusive socket platform enables Baidu to efficiently enhance and deliver compute services and massive storage to its clients. Baidu anticipates to further expand its application of AMD EPYC processors across its international datacenters starting Q1 2018.

Liu Chao, the Senior Director at Baidu System Technologies Department, expressed that by providing remarkable show in single-processor offerings, the AMD EPYC platform delivers high-performance and flexibility in their datacenter, which enables company to provide more efficient services to their clients. Baidu’s objective is to make a difficult world simpler using technology, and they are constantly seeking to discover and apply the cutting-edge technologies, solutions and innovations to business. AMD EPYC processors offer company with a new level of powerful and energy efficient computing capability.

Scott Aylor of Advanced Micro expressed that Baidu is a long-known leader in datacenter innovations. With their implementation of AMD EPYC they remain down that path by using their single-socket innovations to support their ABC plan. It is an exciting experience to work along with Baidu to assess the capabilities of AMD EPYC and increase its application across their clients’ workloads.

In the last trading session, the stock price of Baidu declined 0.18% to close the day at $239.05. The decline came at a share volume of 1.30 million compared to average share volume of 2.59 million.