We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMD Strengthens Portfolio With New Radeon & Ryzen Products
Read MoreHide Full Article
Advanced Micro Devices (AMD - Free Report) is expanding its gaming portfolio with the launch of the Radeon RX 7600 XT graphics card. The graphics card features 16GB of high-speed GDDR6 memory that supports next-generation AI and content creation workloads. The new graphics card improves AMD’s competitive prowess against NVIDIA (NVDA - Free Report) .
Users with AMD’s latest graphics card, in support with AMD FidelityFX Super Resolution and AMD HYPR-RX with AMD Fluid Motion Frames, can deliver up to 1.9 times faster gaming and raytracing performance than the NVIDIA GeForce RTX 2060.
AMD Radeon RX 7600 XT graphics card is expected to be available beginning Jan 24, 2024, from leading AMD board partners, including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire and XFX.
AMD is also expanding its desktop portfolio with the introduction of the new Ryzen 8000G series desktop processors for the AM5 platform, including the Ryzen 7 8700G, with the world’s most powerful built-in graphics. AMD Ryzen 8000G series features up to eight cores and 16 threads.
AMD is also introducing Ryzen AI to unlock more AI for desktop consumers. Moreover, AMD is introducing new Ryzen 5000 processors that include the new Ryzen 7 5700X3D, leveraging powerful 3D V-Cache technology.
AMD’s expanding portfolio is driving its prospects. It recently launched the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators. The company also introduced the ROCm 6 open software stack with significant optimizations and new features supporting Large Language Models.
The latest Ryzen 8040 series mobile processors, when combined with Ryzen AI NPU on-die, extend AMD’s leadership position in the AI-supported PC markets.
Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies (DELL - Free Report) , HP, Lenovo and Razer, beginning in 2024.
AMD is expanding its data center footprint with the new Instinct MI300X accelerator. It combines CDNA 3 architecture and Zen 4 CPUs to deliver robust performance for HPC and AI workloads. Partners like Microsoft (MSFT - Free Report) , Oracle and Dell are already using the accelerators in their systems.
Microsoft is using AMD’s Instinct accelerator portfolio in its new Azure ND MI300x v5 virtual machine series, optimized for AI workloads.
AMD, which currently carries a Zacks Rank #3 (Hold), expects fourth-quarter 2023 revenues to be $6.1 billion (+/-$300 million), which indicates year-over-year growth of 9% and 5% sequentially at the mid-point. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD expects to witness year-over-year growth in the Data Center and Client segments by double-digit percentage. Sequentially, the Data Center segment’s revenues are expected to grow on a double-digit percentage, while Client is expected to increase.
The Zacks Consensus Estimate for fourth-quarter 2023 revenues is pegged at $6.11 billion, indicating 9.2% year-over-year growth. The consensus estimate for earnings is pegged at 77 cents per share, suggesting 11.59% year-over-year growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AMD Strengthens Portfolio With New Radeon & Ryzen Products
Advanced Micro Devices (AMD - Free Report) is expanding its gaming portfolio with the launch of the Radeon RX 7600 XT graphics card. The graphics card features 16GB of high-speed GDDR6 memory that supports next-generation AI and content creation workloads. The new graphics card improves AMD’s competitive prowess against NVIDIA (NVDA - Free Report) .
Users with AMD’s latest graphics card, in support with AMD FidelityFX Super Resolution and AMD HYPR-RX with AMD Fluid Motion Frames, can deliver up to 1.9 times faster gaming and raytracing performance than the NVIDIA GeForce RTX 2060.
AMD Radeon RX 7600 XT graphics card is expected to be available beginning Jan 24, 2024, from leading AMD board partners, including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire and XFX.
AMD is also expanding its desktop portfolio with the introduction of the new Ryzen 8000G series desktop processors for the AM5 platform, including the Ryzen 7 8700G, with the world’s most powerful built-in graphics. AMD Ryzen 8000G series features up to eight cores and 16 threads.
AMD is also introducing Ryzen AI to unlock more AI for desktop consumers. Moreover, AMD is introducing new Ryzen 5000 processors that include the new Ryzen 7 5700X3D, leveraging powerful 3D V-Cache technology.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. price-consensus-chart | Advanced Micro Devices, Inc. Quote
AMD’s Prospects Remain Bright
AMD’s expanding portfolio is driving its prospects. It recently launched the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators. The company also introduced the ROCm 6 open software stack with significant optimizations and new features supporting Large Language Models.
The latest Ryzen 8040 series mobile processors, when combined with Ryzen AI NPU on-die, extend AMD’s leadership position in the AI-supported PC markets.
Systems leveraging Ryzen 8040 series processors will be globally available from leading original equipment manufacturers, including Acer, Asus, Dell Technologies (DELL - Free Report) , HP, Lenovo and Razer, beginning in 2024.
AMD is expanding its data center footprint with the new Instinct MI300X accelerator. It combines CDNA 3 architecture and Zen 4 CPUs to deliver robust performance for HPC and AI workloads. Partners like Microsoft (MSFT - Free Report) , Oracle and Dell are already using the accelerators in their systems.
Microsoft is using AMD’s Instinct accelerator portfolio in its new Azure ND MI300x v5 virtual machine series, optimized for AI workloads.
AMD, which currently carries a Zacks Rank #3 (Hold), expects fourth-quarter 2023 revenues to be $6.1 billion (+/-$300 million), which indicates year-over-year growth of 9% and 5% sequentially at the mid-point. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AMD expects to witness year-over-year growth in the Data Center and Client segments by double-digit percentage. Sequentially, the Data Center segment’s revenues are expected to grow on a double-digit percentage, while Client is expected to increase.
The Zacks Consensus Estimate for fourth-quarter 2023 revenues is pegged at $6.11 billion, indicating 9.2% year-over-year growth. The consensus estimate for earnings is pegged at 77 cents per share, suggesting 11.59% year-over-year growth.