Advanced Micro Devices, Inc. (NASDAQ: AMD) is having yet another strong day in the market today as Ryzen continues to excite investors. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:41), AMD is trading at $11.43 per share after a gain of $0.17 per share (1.51%) thus far today.
AMD Continues Upward On Ryzen
As mentioned above, Ryzen has been sending Advanced Micro Devices upward for some time, and those gains are continuing today. Much of the movement has to do with a rumor surrounding the Ryzen 9 series HEDT processors.
The rumor is that AMD will be releasing no less than 9 Ryzen 9 series processors. Two of these processors are expected to have 16 cores, two of them are expected to have 14 cores, three of them are expected to have 12 cores, and two of them are expected to have 10 cores. All of the processors are SMT (hyper-threaded).
This comes at the same time that Intel is working to bring their competitor to Ryzen to the market. However, it has been pointed out that AMD has the ability to produce the same or better quality as Intel for a lower price, bringing that low price to the end consumer and giving the company a competitive advantage.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on AMD. In particular, we’re interested in continuing to follow the Ryzen story and excited to see the performance of the new product line. We’ll continue to follow the story closely and bring the news to you as it breaks!
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