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The former leader of Advanced Micro Devices' graphics chips unit is jumping to rival chipmaker Intel Corp. Raja Koduri announced his resignation from AMD on Tuesday after serving as senior vice president and chief of architecture for the Sunnyvale-based company's two-year-old Radeon Technology Group. By Wednesday morning, reports began floating that he might join Santa Clara-based Intel but the company didn't make an official announcement until Wednesday afternoon.
The whole thing makes no sense to me on both accounts. Why is Intel using an AMD graphics chip in a MCM when they could have used NVidia and is Intel planning on developing a competitive graphics device of their own?
Because nVidia and Intel aren't on speaking terms. Haven't been for years. Not to mention, nVidia is not that interested in customizing their products for customers. Which is why AMD has owned the console market for the past few years.
Intel wanted the product now, or back then and not some time in the 2020s. So AMD was more or less their only choice.
I am impressed with what you did with this group. More vibrant and alive than it ever has been.
Buy AMD shares, because the chipmaker can compete against Nvidia in A.I., analyst says Rosenblatt Securities raises its price target to $40 from $30 for AMD shares, citing the chipmaker's process manufacturing lead versus Nvidia. The new forecast represents 34 percent upside to Monday’s closing price and is the highest target of the 24 analysts who cover AMD on Wall Street, according to FactSet. cnbc.com