AMD Acquires MEXT for AI-Based Memory Tiering to Cut Data Center DRAM Costs
On June 15-16, 2026, Advanced Micro Devices (AMD) acquired MEXT, a startup with AI-driven memory optimization technology that makes NAND flash storage function like DRAM. MEXT's Predictive Memory Engine uses AI to move infrequently accessed data from expensive DRAM to cheaper flash, improving memory efficiency and reducing costs for data centers—critical for AI workloads. AMD plans to integrate this into its data center portfolio, complementing its GPUs and CPUs. Separately, AMD and Rackspace Technology announced a 30-megawatt AI infrastructure deployment. Financial terms were not disclosed.
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AMD's MEXT Deal Expands Its Memory Strategy Beyond GPUs and Data-Center CPUs
On June 15, 2026, Advanced Micro Devices (AMD) acquired MEXT, a startup developing AI-driven memory optimization technology that makes flash memory behave like DRAM, expanding usable memory capacity while maintaining performance. The acquisition aims to address memory bottlenecks in AI workloads, analytics, virtualization, and HPC, and helps customers reduce total cost of ownership. AMD's Q1 2026 results show revenue up 38% year over year and Data Center revenue up 57%, driven by EPYC CPU demand and Instinct GPU shipments. The deal expands AMD's AI portfolio beyond its traditional GPU and data-center CPU focus.
Yahoo FinanceHow AMD’s MEXT Deal Expands Its Memory Strategy Beyond GPUs and Data-Center CPUs
AMD acquired MEXT, a startup developing AI-driven memory optimization software that makes flash storage perform like DRAM, expanding usable memory capacity while maintaining performance. The acquisition, announced on June 15, 2026, strengthens AMD's AI portfolio and targets the growing demand for larger, faster memory pools driven by AI models, analytics, virtualization, and high-performance computing. AMD's Q1 2026 results showed revenue rising 38% year-over-year, with Data Center revenue up 57% thanks to EPYC demand and Instinct GPU shipments. While the deal does not make AMD an HBM producer, it addresses the same memory bottleneck driving HBM demand.
Yahoo FinanceAMD Lands a Massive AI Infrastructure Opportunity With Rackspace
On June 16, 2026, AMD and Rackspace Technology announced a definitive agreement for the phased deployment of an initial 30-megawatt footprint of AMD-powered computing infrastructure across Rackspace's global data centers between late 2026 and 2028. The infrastructure will use AMD Instinct GPUs and EPYC CPUs to support regulated enterprise workloads including healthcare, large-scale inference, and advanced AI applications. Separately, AMD announced the acquisition of MEXT, a company specializing in AI-driven memory optimization technology that makes flash storage behave like DRAM, aimed at addressing memory constraints in modern data centers. The article also notes AMD's forward P/E of 40.39 and positions it among overvalued quantum computing stocks according to short sellers.
Yahoo FinanceAMD Lands a Massive AI Infrastructure Opportunity With Rackspace
On June 16, 2026, AMD and Rackspace Technology announced a definitive agreement to deploy an initial 30-megawatt footprint of AMD-powered computing infrastructure across Rackspace's global data centers between late 2026 and 2028. The deployment will use AMD Instinct GPUs and EPYC CPUs within Rackspace's Enterprise AI Cloud platform, targeting regulated enterprise workloads like healthcare and advanced AI applications. In a related move, AMD announced the acquisition of MEXT, a company specializing in AI-driven memory optimization technology that makes flash storage behave like DRAM, addressing data center memory constraints. The article, published on Yahoo Finance on June 22, 2026, positions these developments as part of AMD's strategy to expand its presence in AI and cloud computing infrastructure, though it notes AMD is considered overvalued by short sellers with a forward P/E of 40.39.
Yahoo FinanceWhy AMD's Recent Acquisition Makes the Stock Even More Attractive
Advanced Micro Devices (AMD) announced the acquisition of MEXT, a company with AI-driven memory-optimization technology that enables NAND flash memory to function like DRAM. This innovation can expand DRAM capacity by 2-4 times and cut memory costs in half, addressing rising DRAM prices and supply constraints. The acquisition strengthens AMD's position in the inference and agentic AI markets, complementing its existing GPU chiplet design and earlier acquisition of server maker ZT Systems. AMD aims to offer differentiated full-rack AI infrastructure solutions, competing more effectively against Nvidia. The article argues that AMD's stock remains attractive due to these growth opportunities.
Yahoo FinanceAMD Acquires MEXT for AI-Based Memory Tiering Technology to Reduce DRAM Costs in Data Centers
AMD has acquired MEXT, a startup specializing in memory tiering technology that uses AI to make NAND flash memory appear as DRAM to operating systems. MEXT's Predictive Memory Engine analyzes memory access patterns and proactively moves infrequently accessed data from expensive DRAM to cheaper NAND storage, while anticipating which data will be needed next and transferring it back to DRAM before applications request it. This approach aims to improve memory efficiency, reduce total cost of ownership for cloud providers and enterprises, and address memory bottlenecks in AI and large-scale data center workloads. AMD plans to incorporate the technology into its data center product portfolio, complementing its existing processors, accelerators, and networking solutions. The acquisition also brings expertise in memory architectures and large-scale computing systems. Financial terms were not disclosed.
Latest from Tom's HardwareAMD Acquires MEXT to Address Data Center Memory Constraints with AI-Based Tiering Technology
AMD announced the acquisition of MEXT, a startup specializing in memory tiering technology that makes NAND flash storage appear as DRAM to operating systems. The technology, called Predictive Memory Engine, uses AI to analyze memory access patterns and proactively move infrequently accessed data from expensive DRAM to cheaper NAND storage, transparently to applications. This aims to alleviate memory bottlenecks in data centers, particularly for AI workloads and large-scale deployments, by improving memory utilization and reducing DRAM costs. AMD plans to integrate MEXT's technology into its data center portfolio, complementing its existing processors, accelerators, and software. The acquisition also brings expertise in memory architectures and large-scale computing. Financial terms were not disclosed.
Latest from Tom's HardwareAMD acquires MEXT for memory tiering tech that enables flash to appear as DRAM to applications
AMD has acquired MEXT, a startup specializing in memory tiering technology that makes NAND flash memory appear as DRAM to operating systems. MEXT's Predictive Memory Engine uses AI to analyze memory access patterns, moving infrequently accessed data from expensive DRAM to cheaper NAND storage, and proactively retrieving it when needed. This approach aims to improve memory efficiency, reduce total cost of ownership for data centers, and address growing memory constraints, particularly for AI workloads. AMD plans to integrate MEXT's technology into its data center portfolio to complement its existing processors, accelerators, and networking solutions. The acquisition also brings expertise in memory architectures and large-scale computing. Terms of the deal were not disclosed.
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