Expiring Tax ProvisionsRecently, Advanced Micro Devices clinched a deal with Google to supply its FirePro S9300 x2 GPU in the latter’s cloud platform. AMD’s stock price has shot by close to 30% since the announcement of this deal. This is because this deal is quite significant for AMD, as most of the big players in the cloud storage market currently use Nvidia’s GPUs. According to some sources, Google’s cloud market share stood at 8% in 2016, just behind Amazon and Microsoft. In this analysis, we further elaborate on the reasons as to why this deal is significant for AMD.

Source: Forbes November 23, 2016 19:01 UTC