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AMD: What Does the Pensando Acquisition Mean for the Stock? Wells Fargo Weighs In
With the ink having barely dried following the Xilinx acquisition, last week, Advanced Micro Devices (AMD) disclosed that it intends to bring networking startup Pensando under the fold, in a deal said to be worth $1.9 billion. While Wells Fargo’s Aaron Rakers thinks the revenue contribution from the company is likely to be “small,” the analyst believes the “strategic (data center) merits of this acquisition are meaningful.” So, where does Pensando fit in the AMD portfolio? Well for one, Rakers t
