Advanced Micro Devices Inc Stock Price, News & Analysis

AMD has launched the Radeon RX 6600 XT graphics card, aimed at providing a top-tier 1080p gaming experience. Utilizing the RDNA 2 architecture, it promises up to 15% better performance than competitors and averages 125 FPS in modern AAA titles. Equipped with 32 MB Infinity Cache and 8 GB GDDR6 memory, it supports advanced technologies like Smart Access Memory and FidelityFX Super Resolution. The RX 6600 XT is set for release on August 11, 2021, with a starting price of $379, targeting gamers seeking high fidelity and performance in mainstream gaming.

AMD reported a remarkable 99% year-over-year revenue increase, reaching $3.85 billion in Q2 2021, driven by demand across its segments. Gross margin expanded to 48%, while operating income soared to $831 million, marking a 380% rise compared to Q2 2020. Net income also increased significantly to $710 million, with diluted earnings per share at $0.58. The company anticipates a 60% revenue growth for the full year, reflecting strong execution and customer preference for its products. AMD also initiated a $4 billion share repurchase program.

AMD will report its second quarter 2021 financial results on July 27, 2021, after market close. A conference call to discuss these results will take place at 5:00 p.m. EST / 2:00 p.m. PST. Interested listeners can access the webcast through AMD's Investor Relations website at ir.amd.com.

For 50 years, AMD has been a leader in high-performance computing and graphics technologies, impacting gaming and data centers globally.

AMD showcased its robust growth in the High-Performance Computing (HPC) sector at the International Supercomputing 2021 event. The latest Top500 list reveals that AMD EPYC processors now power nearly five times more systems than a year ago, doubling from November 2020. Additionally, these processors equip half of the 58 new entries on the list. With the launch of the EPYC 7003 Series, AMD remains a leader in performance for HPC workloads, enhancing collaborations with research institutions and supporting advancements in critical scientific fields.

AMD announces the launch of its new spatial upscaling solution, FidelityFX Super Resolution (FSR), with support from over 40 game developers. This open-source technology enhances framerates and delivers high-quality gaming experiences, now available in seven games with more expected soon. FSR promises up to 2.4X higher performance at 4K in certain titles compared to native resolution. It is compatible with various AMD graphics products and will be available for developers from mid-July 2021 as a free download on AMD GPUOpen.

AMD announced its collaboration with Google Cloud to launch the T2D instance, part of the new Tau Virtual Machines (VMs) powered by 3rd Gen AMD EPYC processors. This instance boasts a 56% increase in absolute performance and over 40% higher price-performance for scale-out workloads. The T2D instances support various applications, including web servers and containerized microservices, and are available in eight predefined VM shapes. This partnership emphasizes AMD's focus on high-performance, cost-effective solutions for cloud computing, with T2D expected to be available in Q3.

AMD EPYC processors are powering the new HPE Alletra 6000, announced on June 10, 2021, showcasing significant advancements in cloud-native data infrastructure. The Alletra 6000 offers up to 3X faster performance than previous HPE storage solutions and supports core counts from 8 to 64, leveraging PCIe® 4 capabilities. This collaboration emphasizes a shift towards on-demand IT services and enhances efficiency for business-critical workloads. AMD's processors deliver double the storage processing per socket and support large SAP HANA deployments, signifying a robust growth in the EPYC ecosystem.

AMD has launched the Radeon PRO W6000 series workstation graphics, featuring the powerful Radeon PRO W6800, which claims to offer up to 79% faster performance compared to its predecessor. Built on AMD's RDNA 2 architecture, these graphics cards cater to demanding workloads in architecture, media, and engineering. The W6800 retails at $2,249, while the W6600 will be available later at $649. Key features include real-time ray tracing, Smart Access Memory, and certification for leading applications.

At COMPUTEX 2021, AMD highlighted its advancements in high-performance computing, featuring new 3D chiplet technology and expansions in gaming and data center sectors. CEO Dr. Lisa Su announced partnerships with Tesla and Samsung to integrate AMD technologies into automotive and mobile devices. Key product launches included new AMD Ryzen processors and AMD Radeon graphics. The 3rd Gen EPYC processors demonstrated superior performance, handling 50% more business transactions than Intel’s top two-socket system. AMD continues to innovate with its technology, focusing on enhancing user experiences.