AMD share price: what's the outlook after new chip announcement?
AMD stock could rise further after revealing a new chip and Samsung partnership.
AMD share price jumps after revealing new chip
As part of AMD’s 50th anniversary, the corporation announced a third-generation Ryzen central processing unit (CPU) will be released July 7. The Ryzen 3000 processors promise to offer customers better memory support and faster calculations.
How will AMD shares perform after Samsung partnership?
In addition to the new chip, the corporation revealed that it will licence its Radeon graphics cards to Samsung for use in its devices. Chief executive officer (CEO), Lisa Su, spoke about the alliance with Samsung.
‘Adoption of our Radeon graphics technologies across the PC [personal computer], game console, cloud and HPC [high-performance computing] markets has grown significantly and we are thrilled to now partner with industry leader Samsung to accelerate graphics innovation in the mobile market,’ said Su.
‘This strategic partnership will extend the reach of our high-performance Radeon graphics into the mobile market, significantly expanding the Radeon user base and development ecosystem,’ added Su.
The alliance between AMD and Samsung could help AMD gain ground in its rivalry with Intel. Financial analyst, Kevin Cassidy, believes that AMD’s new chip could give the corporation an edge over Intel and rated AMD stock a buy.
‘We [financial analysts] expect AMD to accelerate its PC market share gains due to higher performance, lower power usage, lower cost and ease of upgrade,’ said Cassidy.
AMD has hopeful 2019 outlook
With new products and partnerships, Su spoke optimistically about AMD’s full-year outlook. AMD has a full-year guidance of high-single-digit percentage growth.
‘2019 is off to an incredible start for AMD as we celebrate 50 years of innovation by delivering leadership products to push the limits of what is possible with computing and graphics technology,’ said Su.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
You might be interested in…
Find out what charges your trades could incur with our transparent fee structure.
Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.
Stay on top of upcoming market-moving events with our customisable economic calendar.