Mentioned:
AMD -10.80% ORCL -9.60%

The Department of Energy is making a billion dollar bet on something new: supercomputers.

What’s happening:

  • AMD (NASDAQ: AMD) has entered into a new $1B USD contract with the United States Department of Energy to develop two new supercomputers

Why it matters:‍

  • The new deal with AMD is the single largest investment the United States Department of Energy has made into building new supercomputers

Going deeper:‍

  • AMD has publicly stated that the new supercomputers are being purpose built to be used for accelerating new breakthroughs in fusion energy, biotechnology and national defense
  • Oracle (NYSE: ORCL) will also provide cloud technology for the new supercomputers as part of the new deal between AMD and the United States Department of Energy

The intrigue:‍

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