AMD Acquires MEXT to Make Flash Storage Behave Like DRAM as Market Cap Hits $900B

According to Stocktwits, AMD announced on Monday that it has acquired MEXT, an AI-driven memory optimization company, to help enterprises address memory constraints in data centers. MEXT's technology uses predictive AI models to make flash storage function more like DRAM, enabling organizations to expand usable memory capacity while improving performance-per-dollar and reducing infrastructure costs.

AMD stock surged 7.5% on the announcement. The company's market capitalization surpassed $900 billion for the first time, driven partly by momentum from recent AI infrastructure products competing with Nvidia's offerings.