Advanced Micro Devices, Inc. (NASDAQ: AMD) is having an incredibly strong day in the market today, and for good reason. The company announced the release of a new embedded GPU, causing excitement among investors and sending the stock screaming toward the top. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (11:29), AMD is trading at $13.44 per share after a gain of $0.73 per share (5.70%) thus far today.
AMD Gains On New Embedded GPU
As mentioned above, Advanced Micro Devices is having a strong start to the trading session this morning after announcing the new AMD Embedded RadeonTM E9170 Series graphic processing unit, or GPU. According to the release, the new processor is the first “Polaris” architecture-based AMD Embedded discrete GPU available in multi-chip module format with integrated memory. As a result, the GPU offers the ability to create smaller, power-efficient custom designs, as well as PCI Express® and MXM formats for standard form factor systems. In a statement, Colin Cureton, Director of Product Management at AMD Enterprise Solutions, had the following to offer:
“Developers are continuing to pus the boundaries on what’s possible for embedded systems, demanding more performance, more features and more design options, all while significantly reducing power consumption. At the GPU level, it is critical to provide versatile solutions that do not compromise on graphics performance or 4K multi-display capabilities… The new AMD Embedded Radeon E9170 Series GPU not only achieves up to 3X the performance-per-watt over previous solutions, but is the first ‘Polaris’-based Embedded GPU available in the MCM form factor to enable sleek designs in a variety of sizes, striking the optimal balance of performance and power efficiency.”
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What We’ll Be Watching Moving Forward
Moving forward, the CNA Finance team will continue to keep a close eye on AMD. In particular, we’re interested in following the new Radeon E9170, and we’re excited to see what kind of revenue the new product generates for the company. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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