Advanced Micro Devices Inc Stock Price, News & Analysis

AMD announced that its senior unsecured credit rating was raised to investment grade Baa3 by Moody's Investors Service, reflecting strong financial performance and outlook for growth. This upgrade is attributed to AMD's growing business momentum, market share gains, and excellent liquidity. The CFO, Devinder Kumar, emphasized the importance of financial discipline over the last five years. AMD focuses on high-performance computing and graphics technologies, driving innovation across multiple sectors.

AMD announced that Forrest Norrod, senior vice president and general manager of the Data Center and Embedded Solutions Business Group, will participate in a virtual fireside chat at Deutsche Bank’s Technology Conference on September 15, 2020, at 11:10am ET/8:10am PT. A live webcast will be available on AMD’s Investor Relations website, with a replay accessible four hours post-event, lasting for one year. AMD has been a leader in high-performance computing and graphics for 50 years, providing innovative technology for consumers and businesses worldwide.

AMD announced the launch of its new Radeon Pro 5000 series GPUs for the updated 27-inch iMac, featuring cutting-edge 7nm process technology and AMD RDNA architecture. These GPUs deliver up to 40 compute units and 16GB of GDDR6 memory, achieving up to 7.6 teraflops of performance. The series includes models like the Radeon Pro 5700 XT and 5700, both enhancing productivity for professional and consumer applications. This launch positions AMD as a competitive player in high-performance graphics, appealing to various user needs.

AMD (NASDAQ: AMD) will report its Q2 2020 financial results on July 28, 2020, after market close. A conference call is scheduled for 5:00 p.m. ET / 2:00 p.m. PT, where management will discuss the results. Interested participants can listen via AMD's Investor Relations website. The call will also be archived for one year. AMD has been a leader in high-performance computing and graphics technology for over 50 years, serving millions of consumers and businesses worldwide.

AMD has launched its new Ryzen Threadripper PRO Processor lineup featuring up to 64 cores, aimed at professional workstations. The flagship 3995WX model delivers a remarkable 27% improvement in multithreaded performance compared to competitors. Enhanced by AMD PRO technologies, these processors offer enterprise-level security and management features. The partnership with Lenovo introduces the ThinkStation P620, the first 64-core workstation, promising high performance and scalability. The processors also support PCIe Gen 4, enhancing connectivity and bandwidth.

AMD announced the beta release of Confidential Virtual Machines (VMs) in collaboration with Google Cloud, powered by 2nd Gen AMD EPYC processors. This innovative offering enables real-time encryption while data is processed, enhancing security for enterprise workloads. Confidential VMs support high-performance computing and require no code changes from customers, making adoption seamless. The service is now available in various Google Cloud regions, significantly advancing cloud data protection and collaboration for sensitive workloads.

AMD has announced that it has exceeded its 25x20 energy efficiency goal for mobile processors, achieving a 31.7 times improvement since 2014. The new Ryzen 7 4800H mobile processor boasts significant advancements in energy efficiency, leading to enhanced performance and reduced environmental impact. Transitioning from older AMD models to this new processor could result in 84% less energy consumption over three years, equating to a savings of about 1.4 million kilowatt hours. This achievement positions AMD as a leader in sustainability and performance in the semiconductor industry.

AMD has achieved significant milestones with its EPYC processors, now powering four of the TOP500 supercomputers, including the seventh fastest globally, Selene. Institutions like CERN, Indiana University, and Purdue University have adopted AMD technology for advanced research. This highlights AMD's growing influence in high-performance computing, particularly as it prepares for the deployment of exascale systems. The technology reinforces AMD's position in the cloud computing market, with partnerships across major players like Amazon and Google.

AMD has launched the Radeon Pro 5600M mobile GPU for the 16-inch MacBook Pro. This GPU, built on advanced 7nm process technology and RDNA architecture, offers exceptional performance for demanding tasks like video editing and game creation. Featuring 40 compute units and 8GB of HBM2 memory, it delivers up to 5.3 TFLOPS of performance, making it a powerful tool for professionals on the go. The new GPU enhances the existing lineup, providing users with more options for high-performance graphics.