What took place
Shares of Advanced Micro Devices (NASDAQ: AMD) climbed up 8.4% on Wednesday after the chipmaker revealed a new line of desktop processors..
So what.
AMDs brand-new Ryzen 4000 Series processors will be constructed on its “Zen 2” architecture and advanced 7-nanometer production process. They will integrate Radeon Graphics and are expected to deliver substantial gains in efficiency and energy efficiency. AMDs processors are developed for the gaming and streaming markets, along with mainstream customers. A PRO class of chips, which include high-end security features and other innovative technologies, is indicated for the business market.
The debut of Advanced Micro Devices new Ryzen processors assisted to drive its stock greater on Wednesday. Image source: Getty Images.
Now what.
Computer system makers such as HP and Lenovo will begin consisting of AMDs new processors in their PCs in the third quarter.
The coronavirus pandemic is boosting need for gaming systems in addition to computer systems that can assist individuals work effectively from home. AMD and other PC component makers stand to take advantage of these trends.
If their improved performance and security functions assist AMD take share from rival Intel, todays gains could be simply part of a possibly far bigger upward move in AMDs stock cost in the months ahead.
Investors will get an upgrade on AMDs current sales patterns and future development expectations when it reports its second-quarter monetary results on July 28..
