AMD divests ZT Systems to Sanmina while retaining design teams, enhancing cloud AI solutions and manufacturing capabilities.
Quiver AI Summary
AMD has finalized an agreement to divest its ZT Systems data center infrastructure manufacturing business to Sanmina, while retaining ZT's design and customer enablement teams. This strategic partnership aims to enhance the quality and time-to-deployment of AMD's AI systems for cloud customers, with Sanmina becoming a key manufacturing partner for AMD's cloud solutions. The collaboration is positioned to strengthen AMD's ecosystem and promote innovation in data center solutions, allowing for faster deployment of high-performance systems. AMD emphasizes this move as part of its strategy to extend its leadership in the data center market.
Potential Positives
- AMD retains ZT Systems’ design and customer enablement teams, enhancing its capability to accelerate the quality and time-to-deployment of AI systems for cloud customers.
- The strategic partnership with Sanmina is expected to strengthen AMD's ecosystem of ODM and OEM partners, facilitating better manufacturing and deployment of cloud rack and cluster-scale AI solutions.
- This move indicates AMD's continued commitment to innovation in the data center strategy, broadening its leadership from silicon to software and full systems.
Potential Negatives
- AMD's divestiture of the ZT Systems data center infrastructure manufacturing business may raise concerns about its commitment to vertical integration in the data center sector.
- The reliance on Sanmina as a new manufacturing partner introduces uncertainty regarding the quality and reliability of AMD's AI systems delivery in the cloud market.
- The forward-looking statements in the press release emphasize risks and uncertainties, including potential failure to achieve anticipated results from the partnership, which may undermine investor confidence.
FAQ
What recent partnership did AMD announce?
AMD announced a strategic partnership with Sanmina to enhance the deployment of cloud AI solutions.
How will AMD's partnership with Sanmina improve AI systems?
The partnership aims to accelerate quality and time-to-deployment for AMD AI systems by leveraging ZT Systems' expertise.
What is the significance of rack-scale innovation for AMD?
Rack-scale innovation represents a key advancement in AMD's data center strategy, extending their leadership across hardware and software.
What did AMD do with ZT Systems?
AMD has divested the ZT Systems data center infrastructure manufacturing business while retaining its design and enablement teams.
How can customers benefit from AMD's new manufacturing partnership?
Customers can expect improved quality, speed, and flexibility in deploying AMD AI systems through enhanced U.S.-based manufacturing.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMD Congressional Stock Trading
Members of Congress have traded $AMD stock 12 times in the past 6 months. Of those trades, 11 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $AMD stock by members of Congress over the last 6 months:
- REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 08/18.
- REPRESENTATIVE CLEO FIELDS has traded it 3 times. They made 3 purchases worth up to $150,000 on 08/15, 08/01, 07/30 and 0 sales.
- SENATOR JOHN BOOZMAN purchased up to $15,000 on 08/07.
- SENATOR ANGUS S. KING JR. purchased up to $15,000 on 07/21.
- REPRESENTATIVE LISA C. MCCLAIN purchased up to $15,000 on 06/17.
- REPRESENTATIVE ROBERT BRESNAHAN purchased up to $50,000 on 05/15.
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 05/14, 05/05 and 0 sales.
- REPRESENTATIVE JEFFERSON SHREVE has traded it 2 times. They made 1 purchase worth up to $50,000 on 05/08 and 1 sale worth up to $100,000 on 05/12.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$AMD Insider Trading Activity
$AMD insiders have traded $AMD stock on the open market 34 times in the past 6 months. Of those trades, 1 have been purchases and 33 have been sales.
Here’s a breakdown of recent trading of $AMD stock by insiders over the last 6 months:
- LISA T SU (Chair, President & CEO) has made 0 purchases and 4 sales selling 225,000 shares for an estimated $36,893,351.
- MARK D PAPERMASTER (Chief Technology Officer & EVP) has made 0 purchases and 20 sales selling 103,398 shares for an estimated $16,295,078.
- FORREST EUGENE NORROD (EVP & GM DESG) has made 0 purchases and 6 sales selling 19,450 shares for an estimated $3,139,293.
- PAUL DARREN GRASBY (EVP & CSO) sold 10,000 shares for an estimated $1,732,100
- PHILIP GUIDO (EVP & Chief Commercial Officer) purchased 8,800 shares for an estimated $999,328
- AVA HAHN (SVP, GC & Corporate Secretary) has made 0 purchases and 2 sales selling 3,011 shares for an estimated $670,804.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMD Hedge Fund Activity
We have seen 1,378 institutional investors add shares of $AMD stock to their portfolio, and 1,073 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 13,526,953 shares (+106.2%) to their portfolio in Q2 2025, for an estimated $1,919,474,630
- VICTORY CAPITAL MANAGEMENT INC added 7,886,163 shares (+651.5%) to their portfolio in Q2 2025, for an estimated $1,119,046,529
- INFINITUM ASSET MANAGEMENT, LLC removed 7,121,800 shares (-99.0%) from their portfolio in Q2 2025, for an estimated $1,010,583,420
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 6,868,568 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,111,265,616
- AMUNDI removed 6,355,648 shares (-35.6%) from their portfolio in Q2 2025, for an estimated $901,866,451
- FMR LLC added 5,312,149 shares (+57.5%) to their portfolio in Q2 2025, for an estimated $753,793,943
- BNP PARIBAS FINANCIAL MARKETS removed 3,993,194 shares (-36.5%) from their portfolio in Q2 2025, for an estimated $566,634,228
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$AMD Analyst Ratings
Wall Street analysts have issued reports on $AMD in the last several months. We have seen 21 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- B of A Securities issued a "Buy" rating on 10/17/2025
- Evercore ISI Group issued a "Outperform" rating on 10/07/2025
- Jefferies issued a "Buy" rating on 10/07/2025
- Wells Fargo issued a "Overweight" rating on 10/07/2025
- UBS issued a "Buy" rating on 10/07/2025
- HSBC issued a "Buy" rating on 09/09/2025
- Truist Securities issued a "Buy" rating on 08/26/2025
To track analyst ratings and price targets for $AMD, check out Quiver Quantitative's $AMD forecast page.
$AMD Price Targets
Multiple analysts have issued price targets for $AMD recently. We have seen 31 analysts offer price targets for $AMD in the last 6 months, with a median target of $210.0.
Here are some recent targets:
- Vivek Arya from B of A Securities set a target price of $300.0 on 10/17/2025
- Matt Bryson from Wedbush set a target price of $270.0 on 10/15/2025
- Frank Lee from HSBC set a target price of $310.0 on 10/15/2025
- Chris Caso from Wolfe Research set a target price of $300.0 on 10/14/2025
- Vijay Rakesh from Mizuho set a target price of $275.0 on 10/13/2025
- James Schneider from Goldman Sachs set a target price of $210.0 on 10/08/2025
- Cody Acree from Benchmark set a target price of $270.0 on 10/07/2025
Full Release
News Highlights
- AMD retains ZT Systems’ rack-scale AI solutions design and customer enablement expertise
- Strategic partnership with Sanmina to accelerate quality and time-to-deployment for cloud customers
SANTA CLARA, Calif., Oct. 27, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the completion of the agreement to divest the ZT Systems U.S.-headquartered data center infrastructure manufacturing business to Sanmina (NASDAQ: SANM).
As part of the transaction, AMD retains ZT Systems’ world-class design and customer enablement teams to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers. Additionally, Sanmina becomes a preferred new product introduction (NPI) manufacturing partner for AMD cloud rack and cluster-scale AI solutions to further strengthen the AMD ecosystem of ODM and OEM partners.
“Rack-scale innovation marks the next chapter in the AMD data center strategy,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions business unit at AMD. “By extending our leadership from silicon to software to full systems, we’re giving cloud and AI customers an open, scalable path to deploy AMD performance faster than ever. Our strategic partnership with Sanmina brings U.S.-based manufacturing strength together with AMD AI systems design and enablement expertise to deliver quality, speed and flexibility at scale.”
About AMD
For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn , Facebook and X pages.
Cautionary Statement
The statements in this press release include forward-looking statements concerning Advanced Micro Devices, Inc. (“AMD”), ZT Group Int’l, Inc (“ZT Systems”) and Sanmina Corporation (“Sanmina”), the transaction described herein and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” “anticipates,” “designed,” or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements in this press release relate to, among other things, the expected benefits and results from AMD’s strategic partnership with Sanmina; AMD’s ability to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers and other expected benefits from the transaction. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: the failure for such preferred strategic partnership to achieve its anticipated results; failure to accelerate the quality and time-to-deployment of AMD AI systems with ZT Systems design and customer enablement teams; the risks that AMD will not realize expected benefits from the transaction or may take longer to realize than expected; the potential impact of the consummation of the transaction of AMD’s relationships with suppliers, customers, employees and regulators; and demand for AMD’s products. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned “Risk Factors” in AMD’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.
Contacts:
Brandi Martina
AMD Communications
512-705-1720
[email protected]
Liz Stine
AMD Investor Relations
(720) 652-3965
[email protected]