Advanced Micro Devices, Inc. (NASDAQ: AMD)
Advanced Micro Devices had an incredible time in the market over the past month. In fact, during the month of March, the stock added 33% to its value and, in my opinion, gains are likely to continue for quite some time. It seems as though we’re seeing good news following good news on the stock. Not to mention, there’s a big product offering coming down the line. Today, we’ll talk about the new product coming down the line, what we’ve seen in the market recently, and what we can expect to see from AMD moving forward. So, let’s get right to it…
AMD To Launch A New Product
While Advanced Micro Devices hasn’t released any news themselves, we are seeing quite a bit of news from different technology publications surrounding the company. In fact, according to HardwareBattle, there was a leak at AMD and the information leaked was that the company is planning on a big launch in June. For some time now, according to the leaked information, AMD has been working on what will be known as AMD Radeon R9 490(X). The leak suggests that the preview of the technology will likely happen in May while the official launch of the technology will happen in June.
The new product offering from Advanced Micro Devices will be something completely new to its following. You see, Radeon R9 490(X) is supposedly going to be based on Polaris 10. This means that there will not be any Fiji to R9 490 re-branding associated with the product. It also means that there are two possible product scenarios here. On one side, Fury X is faster than the new Radeon R9 490(X), which could mean that the Fury series will be offered along with the Radeon R9 490 line of products until Vega 10 becomes available. On the other hand, Fury X may be slower than Polaris 10, which would be incredibly interesting. However, no matter what happens, chances are that the product release is going to be overwhelmingly interesting and likely cause quite a bit of movement on AMD stock.
What We’ve Seen In The Market As Of Late
Lately, we’ve seen incredibly strong movement in the market surrounding AMD. As mentioned above, during the month of March, the stock added about 33% to its value, and based on what we’ve seen since the beginning of this month, April is going to be great for the company as well. On Friday, the company posted yet another day of gains, climbing from $2.64 to $2.74 per share for a gain of $0.10 per share or 3.79% on the trading session. In after-hours, we’re seeing quite a bit of positivity out of the stock as well. Currently (Saturday 11:02), AMD is trading at $2.76 per share after a gain of $0.02 per share or 0.73% thus far today.
What We Can Expect To See From AMD Moving Forward
Moving forward, I have an overwhelmingly positive opinion of what we can expect to see from Advanced Micro Devices. The reality is that the company already has a long list of incredible products. However, they continue to drive innovation in the area of computing. With the recent leak with regard to the new product, and the fact that the information came from a source that is generally correct, I’m expecting to see a new product launch relatively soon, and we all know what happens surrounding product launches… stocks climb! So, get ready for more gains on AMD as the stock continues to push toward the top!
What Do You Think?
Where do you think AMD is headed and why? Let us know your opinion in the comments below!
[Image Courtesy of Wikipedia]