Advanced Micro Devices, Inc. (NASDAQ:AMD) announced thatzSpace has chosen AMD FirePro™ W5170M graphics to power the new zSpace for Education enabling real world virtual reality in the classroom. Unlike other VR solutions, AMD FirePro professional graphics-powered zSpace for Education delivers interaction and group collaboration through a VR precision ‘stylus’ to naturally access the virtual experience matched with a head-tracking computer display in an innovative, all-in-one design.
The zSpace for Education solution features an easy-to-use interface that is natural and intuitive. zSpace will implement AMD’s LiquidVR™ technology, harnessing AMD GPU hardware sub-systems to make the virtual reality experience as comfortable and as realistic as possible.
“AMD is proud to work with zSpace to power their new real world virtual reality solution,” said Sean Burke, corporate vice president and general manager, AMD Professional Graphics Group. “AMD FirePro professional graphics deliver the features and horsepower required for this innovative new product which requires exceptional visual performance.”
“AMD FirePro graphics technology is an important piece of our next generation all-in-one solution for education, which is designed to deliver the world’s most natural and realistic virtual reality experience,” said Paul Kellenberger, CEO zSpace, Inc. “AMD FirePro graphics provides the performance and features required to deliver the ultimate virtual reality learning experience. With AMD and zSpace technology, students learn highly engaging concepts that would be too complex, expensive, messy and/or dangerous for a normal classroom.”
The new zSpace for Education empowers students to “learn by doing” in a virtual environment where it is easy to undo mistakes, make changes and not worry about material costs or clean up. zSpace for Education also includes a comprehensive and expanded content and application library that can be introduced into the core curriculum and utilized by multiple grade levels. For example, with zSpace for Education, students can dissect a frog, or even a human, right within the science class. Alternatively, students can build a quadcopter without worrying about cost or safety — all accomplished during a 45-minute middle school science class or college anatomy class.
Shares of Advanced Micro Devices closed yesterday at $2.34. AMD has a 1-year high of $4.80 and a 1-year low of $2.14. The stock’s 50-day moving average is $2.36 and its 200-day moving average is $2.61.
On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report issued on June 17, FBR analyst Christopher Rolland reiterated a Hold rating on AMD, with a price target of $3.50, which represents a potential upside of 49.6% from where the stock is currently trading. Separately, on June 11, Wedbush’s Betsy Van Hees reiterated a Hold rating on the stock and has a price target of $2.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Christopher Rolland and Betsy Van Hees have a total average return of 10.5% and 14.0% respectively. Rolland has a success rate of 62.6% and is ranked #324 out of 3684 analysts, while Hees has a success rate of 50.0% and is ranked #366.
In total, 3 research analysts have rated the stock with a Sell rating, 7 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $2.84 which is 21.4% above where the stock closed yesterday.
Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.