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AMD's 245x Multiple, Firmus IPO Collapse & GlobalFoundries' $2B Packaging Deal
Audio is available on Spreaker — see link below.
AMD's data center revenue doubled but its 245x earnings multiple demands near-flawless execution — here's what investors and engineers need to watch. Plus: a $5B AI infrastructure IPO quietly withdrawn, HPE goes all-in on EPYC, and GlobalFoundries locks in $2B of US packaging capacity.
Audio is available on Spreaker — see link below.
AMD's Data Center revenue just doubled in a single quarter. And yet the company's valuation is the thing that's keeping analysts up at night.
While AMD's growth narrative holds together for now, the public markets are sending a different signal elsewhere. Firmus, an Nvidia-backed Australian AI infrastructure firm, just pulled a five-billion-dollar IPO.
Away from public market noise, something more structurally important just became contractual. GlobalFoundries has signed a two-billion-dollar multi-year deal to produce silicon interposers at its Malta, New York facility.
HPE has launched four new ProLiant Gen13 servers, all built on AMD's sixth-generation EPYC processors. The DL525 offers two hundred and fifty-six cores in a single socket.
AMD is also quietly fragmenting its server CPU line. The upcoming Verano processor, based on Zen six architecture, uses a new SB1 socket, carries seventy-two cores, and runs on a twenty-four-channel LPDDR5X memory subsystem.
One more development worth tracking. Qualcomm's CEO is pushing back on the idea that AI makes smartphones obsolete.
The through-line across all of this is AMD's balancing act. Strong fundamentals, real customer commitments, and OEM confidence.
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