SANTA CLARA, Calif. - Advanced Micro Devices, Inc. (NASDAQ:AMD) announced today that global market maker Optiver is utilizing a suite of AMD's high-performance computing products to enhance its trading infrastructure. Optiver, which operates on over 100 exchanges worldwide, has integrated AMD's EPYC processors, Solarflare Ethernet adapters, Virtex FPGAs, and Alveo Accelerators into its systems to address the technical complexities of the capital markets.
Optiver's U.S. chief technology officer, Alexander Itkin, highlighted the company's commitment to pushing the boundaries of speed and computational scale, noting that AMD's products are instrumental in navigating market complexities in nanoseconds. The integration of AMD's technology is part of Optiver's strategy to modernize its infrastructure and maintain a competitive edge by increasing speed and efficiency.
AMD's 4th Gen EPYC processors have been adopted by Optiver to expand large-scale data analysis capabilities and enhance core density for data center modernization. Additionally, the AMD Solarflare X2 series Ethernet network adapters are being used for their low-level network control, which is crucial for scaling and staying competitive in high-performance electronic trading environments.
The use of AMD Virtex UltraScale+ VU23P FPGAs aids in addressing the exponential growth of data by providing high throughput and data processing capabilities, while maintaining flexibility for evolving connectivity standards. Moreover, Optiver has employed the AMD Alveo U55C and Alveo UL3524 adaptable accelerator cards, which deliver significant latency improvements, enabling faster access to critical data and information.
Kevin Sprague, U.S. hardware lead at Optiver, emphasized the importance of the Alveo ultra-low latency cards in moving more information swiftly and the collaborative development with AMD to meet industry demands.
This announcement is based on a press release statement.
InvestingPro Insights
Advanced Micro Devices, Inc. (AMD) continues to make strides in the high-performance computing market, as evidenced by their collaboration with global market maker Optiver. With AMD's technology playing a crucial role in enhancing trading infrastructures, investors are keen to understand the company's financial health and future prospects. According to InvestingPro data, AMD boasts a substantial market capitalization of 251.79 billion USD, indicating its significant presence in the industry.
InvestingPro Tips suggest that AMD is expected to see net income growth this year, a positive sign for potential investors. Additionally, the company's stock has experienced a high return over the last year, with a 73.4% price total return, reflecting investor confidence and market performance. These insights are particularly relevant as they highlight AMD's financial growth alongside its technological advancements in the market.
However, AMD is also trading at a high earnings multiple, with a P/E ratio of 224.21, suggesting that the stock may be priced optimistically relative to its earnings. This could be a point of consideration for investors looking at the long-term value of AMD shares. For those interested in further analysis, InvestingPro offers additional tips and metrics, including a comprehensive list of 17 InvestingPro Tips for AMD, which can be accessed through their platform. Utilize coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enriching your investment strategy with expert insights.
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