AMD invests in GPU cloud provider Vultr at $3.5 billion valuation
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AMD Ventures, along with LuminArx Capital Management, has led a $333 million investment round in cloud provider Vultr, valuing the company at $3.5 billion. Vultr aims to use the funds to expand its international presence.
December 18, 2024 | 4:45 pm
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AMD Ventures has invested in Vultr, a cloud provider, as part of a $333 million funding round. This strategic investment could enhance AMD's presence in the cloud computing sector.
The investment in Vultr by AMD Ventures indicates a strategic move to strengthen AMD's position in the cloud computing market. This could lead to increased demand for AMD's products, positively impacting its stock price.
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