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Fly News Breaks for March 5, 2020
INTC, NVDA, IBM, HPE, AMD
Mar 5, 2020 | 07:41 EDT
Rosenblatt analyst Hans Mosesmann noted that AMD (AMD) announced yesterday that it would be supplying both EPYC CPUs and Radeon GPUs in the DOE's 2 exaflop capable El Capitan supercomputer, which is a win that he called "huge." The El Capitan win "has immense implications for HPC/supercomputing markets" because next generation supercomputing architectures are leading indicators for where hyperscale and PC compute platforms are headed, argues Mosesmann. He also suspects the Street is not registering is that these contracts were expected to go to the pair of IBM (IBM) and Nvidia (NVDA) and/or to Intel (INTC), the analyst contends. The El Capitan win is an important element of the AMD story being much more than a market share gain one, contends Mosesmann, who keeps a Buy rating and $65 price target on AMD shares.
News For AMD;HPE;IBM;NVDA;INTC From the Last 2 Days