AMD Stock Pops as Analysts Reflect Positively on New Lineup of Processors
2022.08.30 17:30
AMD Stock Pops as Analysts Reflect Positively on New Lineup of Processors
By Senad Karaahmetovic
Shares of Advanced Micro Devices (NASDAQ:AMD) are up over 1% after analysts weighed in positively on the new Ryzen 7000-series CPUs.
The new Zen 4 chips are reportedly faster than what the IT experts were expecting from AMD. The company said its new Ryzen 7000 Series Desktop processors are expected to be available globally starting from September 27, starting at $299. The most powerful version, with a total cache of 80 megabytes, will start at $699.
On the pricing front, A Rosenblatt analyst notes that announced prices “seem in-line to a bit lower than expected at the high-end.”
“AMD continues to execute flawlessly and we expect share gains to continue,” the analyst wrote to clients in a note.
A Deutsche Bank analyst sees “significant improvements” from the new series of processors.
“We believe this launch will help reaccelerate AMD’s gains in the desktop CPU segment, although the duration of this reacceleration will be highly dependent upon the timing/performance of INTC’s upcoming Raptor Lake launch, as well as the general health of the PC environment (which has clearly been waning in recent months),” he said in a note.
Finally, A Wells Fargo analyst noted the new lineup reflects “AMD’s continued high-performance focused roadmap execution.”
