Advanced Micro Devices, Inc. (NASDAQ: AMD)
Advanced Micro Devices is having an incredible day in the market today, and for a very good reason. The stock is climbing as the result of the unveiling of a new product, but it’s not just any product – it’s the fastest of its kind, ever in history! Today, we’ll talk about the new product that is being released, how the market reacted to the news, and what we can expect to see from AMD moving forward!
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AMD Unveils The Wraith-Cooled A10-7890K APU
AMD made a huge announcement last night. The company has created the fastest APU ever, and it’s going to become available relatively soon. This is great for those that play games on their computer as it will allow for faster processing and more detailed graphics. For those that are more into dedicated graphics cards, AMD didn’t forget you either. The company also unveiled its fastest multi-core Athlon ever, a product known as X4 880K CPU. In a statement, AMD had the following words of encouragement to offer:
“Setting a new APU Standard, the new AMD A10-7890K is the fastest AMD desktop APU released to date, with 1.02 TFLOPS of the theoretical compute performance. This new processor has been paired with the top-of-the-line AMD Wraith Cooler to deliver a high-performance combination, enabling best-in-class online gaming, while offering near silent operation for a premium experience. Gamers will be able to enjoy playing the most popular online and eSports games right out of the box on high settings with the new AMD A10-790K APU, which is capable of providing smooth frame rates in some of the most popular online games…”
How The Market Reacted To The News
As investors, we know that the news moves the market. Any time there is positive news with regard to a publicly-traded company, we can expect to see gains in the value of the company’s stock. Adversely, negative news will generally cause declines. However, there are few pieces of news that have the potential to cause movement in the market quite like product releases. Ultimately, AMD investors know that new products mean upgrades for those that already use AMD hardware, and more opportunities with those that don’t. This has the potential to drive massive amounts of revenue and profit. As a result, the stock is climbing in the market today. Currently (11:17), AMD is trading at $2.29 per share after a gain of $0.11 or 4.82% thus far today.
What We Can Expect From AMD Moving Forward
Moving forward, I have a relatively bullish opinion of what we can expect to see from AMD. The reality is that the new product release is likely to drive massive amounts of revenue, making earnings look great and generating investor excitement. Not to mention, investors and analysts alike were already excited about the stock before the company revealed the new products. It is expected that AMD will more than double in price to $5 per share over the next year or so. The bottom line is that AMD has a line of great products, a great team, and a clear plan for success. Between these factors, the company has the recipe to make big things happen. All in all, things are looking great for AMD!
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What Do You Think?
Where do you think AMD is headed moving forward and why? Let us know your opinion in the comments below!
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