Advanced Micro Devices, Inc. (NASDAQ:AMD) announced a collaboration with Oculus and Dell to equip Oculus Ready PCs with AMD Radeon™ GPUs, starting at$999USD. The powerful PCs are designed to deliver stunning gaming performance and enable spectacular VR experiences for consumers around the world by leveraging AMD VR leadership with LiquidVR™ and Graphics Core Next architecture.
“It’s an exciting time to be at the heart of all things Virtual Reality,” said Roy Taylor, corporate vice president, Alliances and Content, AMD. “I’m confident that with Dell and Alienware, we can enable a wide audience of PC users with extraordinary VR capabilities powered by AMD Radeon GPUs.”
In March, AMD announced an initiative to deliver the ultimate VR experience for developers and users enabled through AMD LiquidVR™ technology. AMD LiquidVR™ enables low-latency VR performance that maintains reliable comfort during your VR experience, and plug-and-play compatibility with VR headsets. AMD GPU software and hardware subsystems are a major component in making AMD LiquidVR™ a reality and in turn allowing for developers and content creators to enable a life-like presence in VR environments.
“For nearly 20 years Alienware has been a leader in performance and innovation for PC gaming; virtual reality is the next frontier and we plan to innovate and lead in the same way, with the same passion,” said Frank Azor, Co-founder and General Manager, Alienware. “Partnering with the performance of AMD graphics and the innovation of Oculus provides an incredible opportunity for Alienware to deliver something awesome for our users.” (Original Source)
Shares of Advanced Micro Devices closed today at $1.80, down $0.03 or 1.64%. AMD has a 1-year high of $3.44 and a 1-year low of $1.61. The stock’s 50-day moving average is $1.79 and its 200-day moving average is $2.18.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 2, Jefferies Co. analyst Mark Lipacis reiterated a Buy rating on AMD, with a price target of $3.50, which represents a potential upside of 94.4% from where the stock is currently trading. Separately, on September 11, Bernstein Research’s Stacy Rasgon upgraded the stock to Hold .
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Lipacis and Stacy Rasgon have a total average return of 9.8% and 1.8% respectively. Lipacis has a success rate of 62.9% and is ranked #220 out of 3764 analysts, while Rasgon has a success rate of 50.0% and is ranked #1567.
The street is mostly Neutral on AMD stock. Out of 15 analysts who cover the stock, 8 suggest a Hold rating , 5 suggest a Sell and 2 recommend to Buy the stock. The 12-month average price target assigned to the stock is $2.45, which represents a potential upside of 36.1% from where the stock is currently trading.
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.