AMD Rolls Out New Data Center CPU Code-Named 'Genoa'

Advanced Micro Devices, Inc (NASDAQ:AMD) introduced the 4th Gen AMD EPYC processors; with unmatched performance for critical workloads across cloud, enterprise, and high-performance computing.
Built on the "Zen 4" core, the highest-performance core ever from AMD, the processors deliver leadership performance and energy efficiency and help customers accelerate data center modernization for greater application throughput.
The fourth generation EPYC processor, code-named "Genoa," makes significant improvements in performance and energy efficiency compared with its previous chip, Reuters reports citing CEO Lisa Su.
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"What that means for enterprises and for cloud data centers is that it translates into lower capex, lower opex, and lower total cost of ownership," she said.
AMD said Microsoft Corp's (NASDAQ:MSFT) Azure, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) -owned Google Cloud, and Oracle Corp (NYSE:ORCL) would be some of its customers.
The report noted Genoa launches at a time when rival Intel Corp's (NASDAQ:INTC) latest data center chip, code-named Sapphire Rapids, has struggled with delays.
"With this latest generation, they (AMD) have made a huge leap in performance not only against Intel but against their previous generation... so that makes the viability of an AMD-based solution much more real," said Bob O'Donnell, an analyst for TECHnalysis Research.
"IDC expects AMD will stay on track, continue building up market share in public cloud deployments," the report quoted Ashish Nadkarni, datacenter and cloud analyst at IDC.
Alibaba Group Holding Limited (NYSE:BABA) plans to power 20% of its operations with its homebrew CPUs by 2025.
At its Aspara conference on October 3 and Chinese social media, Alibaba revealed the CPUs have already been pressed into service "on a large scale in the Alibaba Cloud datacenter," where they're powering workloads for Alibaba "and many internet technology companies."
Price Action: AMD shares closed higher by 14.3% at $68.47 on Thursday.