Advanced Micro Devices Inc Stock Price, News & Analysis

AMD has introduced the new Radeon RX 6700 XT graphics card, engineered for optimal 1440p gaming performance. Featuring the AMD RDNA 2 architecture, 12GB of GDDR6 memory, and AMD Infinity Cache, it offers up to 2X performance increase in select games compared to older GPUs. The card supports advanced features like ray tracing and AMD FidelityFX, enhancing visual fidelity. Starting at $479, it will be available from March 18, 2021, through various retailers, with pre-built systems expected to follow shortly.

AMD announced that Mark Papermaster, CTO and EVP of Technology and Engineering, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 12:30 PM EST/9:30 AM PST. A real-time video webcast will be available on AMD's Investor Relations website, with a replay accessible four hours post-event and available for one year.

With over 50 years in high-performance computing and graphics, AMD's technology enhances gaming, immersive platforms, and data centers, impacting millions worldwide.

AMD reported a strong Q4 2020 with revenue of $3.24 billion, marking a 53% increase year-over-year and a 16% rise from the previous quarter. Net income more than doubled to $1.78 billion, aided by a $1.30 billion tax benefit. For the full year, revenue reached $9.76 billion, a 45% growth from 2019, driven by robust performance in the Computing and Graphics segments. The company projects a solid 2021 outlook, highlighting strong demand for high-performance computing across multiple markets.

AMD will announce its fourth quarter and fiscal year 2020 financial results on January 26, 2021, post-market close. The management team will host a conference call at 5:00 p.m. EST to discuss these results, which can be accessed via the Investor Relations website. A recording of the webcast will be available for approximately one year following the call. AMD continues to innovate in high-performance computing and graphics technologies, serving a diverse range of customers and industries worldwide.

AMD has unveiled its AMD Ryzen 5000 Series Mobile Processors, featuring the cutting-edge 'Zen 3' architecture, aimed at delivering superior performance for gamers, creators, and professionals. New models, including the Ryzen 5000 H-Series and U-Series, enhance battery life and performance, with laptop availability starting Q1 2021 from major manufacturers such as ASUS, HP, and Lenovo. AMD also announced the upcoming release of Ryzen Threadripper PRO Processors for workstation users, offering up to 64 cores and 128 PCIe Gen 4 lanes, available in March 2021.

AMD showcased significant innovations at the 2021 Consumer Electronics Show, highlighting the acceleration of digital transformation across various sectors. CEO Dr. Lisa Su announced the new AMD Ryzen™ 5000 series mobile processors and provided a preview of the next-gen 3rd Gen AMD EPYC™ server processor designed to enhance performance in data centers. The keynote featured partners like Microsoft and Mercedes-AMG Petronas, demonstrating AMD's pivotal role in computing and gaming. Collaborative efforts with researchers utilizing donated computing power aid in COVID-19 research, emphasizing AMD's commitment to impactful technology.

AMD announced key leadership promotions aimed at supporting its long-term growth strategy. Darren Grasby has been appointed as executive vice president and Chief Sales Officer, while Devinder Kumar takes on the role of executive vice president and Chief Financial Officer. Additionally, Martin Ashton, Mark Fuselier, and Sam Naffziger have been promoted to senior vice president positions overseeing graphics technology, product engineering, and product technology architecture, respectively. This restructuring aligns with AMD's goals for continued momentum and growth in the competitive tech landscape.

AMD announced the launch of the new Amazon EC2 G4ad instances, utilizing 2^nd Gen AMD EPYC CPUs and Radeon Pro GPUs for enhanced graphics performance. These instances deliver up to 45% better price performance and 40% better graphics performance than existing options. Additionally, AMD's collaboration with Amazon Web Services expands, with Amazon GameLift utilizing EPYC processors for game server hosting, offering 10% cost savings. This partnership reinforces AMD's role in cloud computing and gaming.

AMD has announced that Dr. Lisa Su, CEO, will present at the Credit Suisse 24th Annual Technology Conference on November 30, 2020, at 11:00 AM ET/8:00 AM PT. A real-time video webcast of the presentation will be available on AMD’s Investor Relations website, with a replay accessible approximately four hours after the event for one year.

For over 50 years, AMD has been a leader in high-performance computing, driving innovation in graphics and visualization technologies.