What happened
Actions of Advanced micro devices (NASDAQ: AMD) It rose 8.4% on Wednesday after the chipmaker announced a new line of desktop processors.
And that
AMD’s new Ryzen 4000 Series processors will be built on its “Zen 2” architecture and advanced 7-nanometer manufacturing process. They will integrate Radeon Graphics and are expected to generate significant gains in performance and energy efficiency. AMD’s processors are designed for the gaming and streaming markets, as well as major consumers. A PRO class of chips, containing high-end security features and other advanced technologies, is intended for the business market.
The debut of the new Advanced Micro Devices Ryzen processors helped boost their stocks on Wednesday. Image source: Getty Images.
Computer manufacturers like HP and Lenovo will begin including the new AMD processors on their PCs in the third quarter.
Now what
The coronavirus pandemic is increasing the demand for gaming systems as well as computers that can help people work efficiently from home. AMD and other PC component manufacturers will benefit from these trends.
Plus, if its enhanced performance and security features help AMD engage with the rival IntelToday’s earnings could be just part of a potentially much higher upward move in AMD’s stock price in the coming months.
Investors will receive an update on AMD’s current sales trends and expectations for future growth when it reports its second-quarter financial results on July 28.
