We at investorAi believe that AMD doesn't need a fight with Nvidia. However, on Monday 19th August 2024 the company said it plans to acquire server maker ZT Systems for $4.9 billion. The company is seeking to expand its portfolio of artificial intelligence (AI) chips and hardware and battle Nvidia (
NVDA).
So what does the deal really mean for AMD and is this a strategic move against Nvidia?
AMD (
AMD) plans to pay for 75% of the ZT Systems acquisition using cash and the remainder in stock. The company has reported $5.34 billion in cash and short-term investments as of the second quarter. The result at the start of trading was AMD's shares climbing nearly 3%. The positive momentum would seem to indicate Investors think this is a g ...
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