AMD Gains as U.S. Department of Energy Announces $1B Supercomputing Partnership
TL;DR Summary
AMD has partnered with the U.S. Department of Energy in a $1 billion project to develop two supercomputers, Lux and Discovery, aimed at advancing scientific research in areas like nuclear energy, cancer treatment, and national security. The project enhances AMD's role in high-performance computing and AI infrastructure, with the first system, Lux, launching within six months, and the second, Discovery, expected in 2029. AMD stock has gained over 1% following the announcement.
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