AMD To Snap Pensando For $1.9B


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • Advanced Micro Devices Inc (NASDAQ:AMD) has agreed to acquire Pensando for $1.9 billion. 
  • Pensando distributed services platform included a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage, and other services for cloud, enterprise, and edge applications.
  • AMD Chair and CEO Dr. Lisa Su said, "Today, with our acquisition of Pensando, we add a leading distributed services platform to our high-performance CPU, GPU, FPGA, and adaptive SoC portfolio. The Pensando team brings world-class expertise and a proven track record of innovation at the chip, software, and platform level, which expands our ability to offer leadership solutions for our cloud, enterprise, and edge customers."
  • Pensando's products are already deployed at scale across cloud and enterprise customers, including Goldman Sachs Group Inc (NYSE:GS), International Business Machines Corp (NYSE:IBM), IBM Cloud, Microsoft Corp (NASDAQ:MSFT) Microsoft Azure, and Oracle Corp (NYSE:ORCL) Oracle Cloud. 
  • AMD held $3.6 billion in cash and equivalents as of December 25.
  • Price Action: AMD shares traded higher by 0.52% at $108.75 in the premarket on the last check Monday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: M&ANewsTechBriefs