Nvidia Rival AMD Completes $4.9B Acquisition Of ZT Systems To Strengthen AI And Data Center Dominance - Alphabet (NASDAQ:GOOGL), Advanced Micro Devices (NASDAQ:AMD)
1. AMD completed a $4.9 billion acquisition of ZT Systems. 2. This move strengthens AMD's position in the AI data-center market. 3. Acquisition allows AMD to compete with Nvidia in server offerings. 4. ZT Systems brings over $10 billion in annual revenue to AMD. 5. AMD's new EPYC processors promise significantly improved performance.