Deutsche Bank Reiterates Hold Rating on AMD (AMD)

Citi Reiterates Buy Rating on AMD (AMD)

Citi analyst Christopher Danely reiterated a Buy rating and $210.00 price target on AMD (NASDAQ: AMD)

The analyst comments "Yesterday, AMD announced it will acquire ZT Systems for $4.9 billion with a 75% cash and 25% stock transaction. ZT Systems is a manufacturer for AI... More

Northland Reiterates Outperform Rating on AMD (AMD)

Northland analyst Gus Richard reiterated an Outperform rating and $175.00 price target on AMD (NASDAQ: AMD)

The analyst comments "AMD announced that it is acquiring ZT Systems for $4.9 billion. ZT Systems provides AI infrastructure to CSPs. We believe the acquisition will accelerate AMD's... More

Barclays Reiterates Overweight Rating on AMD (AMD)

Barclays analyst Blayne Curtis reiterated an Overweight rating and $180.00 price target on AMD (NASDAQ: AMD)

The analyst comments "Our Take: In our view, this cements the systems-based approach NVDA has championed as potentially the majority of shipments in the coming year plus. AMD could have announced a board level/system-based solution tomorrow and we wouldn't... More

Piper Sandler Reiterates Overweight Rating on AMD (AMD), 'remains our top large-cap pick'

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $175.00 price target on AMD (NASDAQ: AMD)

The analyst comments "This morning, AMD filled a major gap in its system level offering with the announcement of the proposed acquisition of ZT... More

Edward Jones Starts AMD (AMD) at Buy, Adds to Stock Focus List

Edward Jones analyst Logan Purk initiates coverage on AMD (NASDAQ: AMD) with a Buy rating.

The analyst comments "We are initiating coverage of AMD with a Buy rating and adding shares to the Stock Focus List. We believe the company should deliver outsized... More

Melius Reiterates Buy Rating on AMD (AMD)

Melius analyst Ben Reitzers reiterated a Buy rating and $205.00 price target on AMD (NASDAQ: AMD).

The analyst comments "Going in Right Direction: While the deal doesn't seem to have material impact on our estimates at this time, we like the direction AMD is going in acquiring systems expertise and engineers with close ties to the big clouds. Nvidia's innovation with rack-scale systems... More

Goldman Sachs Reiterates Buy Rating on AMD (AMD)

Goldman Sachs analyst Toshiya Hari reiterated a Buy rating and $175.00 price target on AMD (NASDAQ: AMD).

The analyst comments "On August 19 (pre market open), AMD announced the signing of a definitive agreement to acquire ZT Systems in a cash and stock transaction... More

Roth/MKM Reiterates Buy Rating on AMD (AMD)

Roth/MKM analyst Suji Desilva reiterated a Buy rating and $200.00 price target on AMD (NASDAQ: AMD)

The analyst comments "We believe AMDs announced ZT Systems acquisition provides an experienced hyperscaler-focused AI infrastructure engineering team that can accelerate deployment of the companys... More

Truist Securities Reiterates Hold Rating on AMD (AMD)

Truist Securities analyst William Stein reiterated a Hold rating and $156.00 price target on AMD (NASDAQ: AMD)

The analyst comments "Minimal financial impact. AMD will pay $4.9B for ZT using 75% cash and 25% stock. For the 75% cash requirement, the company stated that it will partially... More

AMD (AMD) calls active as share price up 3% after announcing ZT Systems purchase

AMD (NASDAQ: AMD) 30-day option implied volatility is at 44; compared to its 52-week range of 34 to 64 after announcing its acquiring ZT Systems for $4.9B in cash and stock. Call put ratio 2.5 calls to 1 put as share price up 3%.

Wolfe Research Reiterates Outperform Rating on AMD (AMD)

Wolfe Research analyst Chris Caso reiterated an Outperform rating and $210.00 price target on AMD (NASDAQ: AMD).

The analyst comments "Key Takeaways. At first glance, AMD's acquisition of ZT Systems allows the company to more easily design fully integrated solutions such NVDA GB200 NVL rack systems.... More

Midday movers: Estee Lauder, HP Inc fall; AMD rises

(Updated - August 19, 2024 11:08 AM EDT)

Investing.com -- U.S. stock futures traded higher Monday, consolidating after the previous weeks strong gains and ahead of the release this week of the minutes from the latest Federal Reserve meeting.

Here are some of the biggest U.S. stock movers today:

Estee Lauder (NYSE:... More

AI server providers fall as AMD acquries ZT Systems in massive deal

AI server makers Dell Technologies (NYSE: DELL) and Super Micro Computer (NASDAQ: SMCI) are trading modestly lower in pre-open trading after AMD (NASDAQ: AMD) agreed to acquire AI server maker... More

AMD (AMD) to Acquire ZT Systems for $4.9B Cash and Stock

AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure for the worlds largest hyperscale computing companies. The strategic transaction marks the next major step in AMDs AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems. ZT Systems extensive experience designing and optimizing cloud computing solutions... More

AMD to acquire ZT Systems in $4.9bn deal

AMD (NASDAQ: AMD) has announced Monday that it has signed an agreement to acquire ZT Systems, a leading provider of AI infrastructure, in a cash and stock transaction valued at $4.9 billion.

This strategic acquisition aims to bolster AMD's capabilities in data center AI systems, addressing the growing $400 billion data center AI accelerator opportunity expected by 2027.

ZT Systems, based in... More

AMD (AMD) option IV into acquiring ZT Systems for $4.9B in cash and stock

AMD (NASDAQ: AMD) 30-day option implied volatility is at 44; compared to its 52-week range of 34 to 64 into acquiring ZT Systems for $4.9B in cash and stock.

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

By Max A. Cherney

(Reuters) -AMD said on Monday it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.

AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. The company had $5.34 billion in cash and short-term investments as of the second quarter.

The computing requirements for AI have dictated that tech companies string together thousands of chips in clusters to achieve the necessary amount of data crunching horsepower. Stringing together... More

AMD (AMD) to acquire ZT Systems in a cash and stock transaction valued at $4.9 billion

SANTA CLARA, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure for the worlds largest hyperscale computing companies. The strategic transaction marks the next major step in AMDs AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems. ZT Systems extensive experience designing and optimizing cloud computing solutions will also help cloud and enterprise customers significantly accelerate the deployment of AMD-powered AI infrastructure at... More