Company Update (NASDAQ:AMD): Advanced Micro Devices, Inc. Launches ‘Boltzmann Initiative’ to Dramatically Reduce Barriers to GPU Computing on AMD FirePro(TM) Graphics


Building on its strategic investments in heterogeneous system architecture (HSA), Advanced Micro Devices, Inc. (NASDAQ:AMD) announced a suite of tools designed to ease development of high-performance, energy efficient heterogeneous computing systems. The “Boltzmann Initiative” leverages HSA’s ability to harness both central processing units (CPU) and AMD FirePro™ graphics processing units (GPU) for maximum compute efficiency through software. The first results of the initiative are featured this week at SC15 and include the Heterogeneous Compute Compiler (HCC); a headless Linux® driver and HSA runtime infrastructure for cluster-class, High Performance Computing (HPC); and the Heterogeneous-compute Interface for Portability (HIP) tool for porting CUDA-based applications to a common C++ programming model. The tools are designed to drive application performance across markets ranging from machine learning to molecular dynamics, and from oil and gas to visual effects and computer-generated imaging.

“AMD’s Heterogeneous-compute Interface for Portability enables performance portability for the HPC community. The ability to take code that was written for one architecture and transfer it to another architecture without a negative impact on performance is extremely powerful,” said Jim Belak, co-lead of the U.S. Department of Energy’s Exascale Co-design Center in Extreme Materials and senior computational materials scientist at Lawrence Livermore National Laboratory. “The work AMD is doing to produce a high-performance compiler that sits below high-level programming models enables researchers to concentrate on solving problems and publishing groundbreaking research rather than worrying about hardware-specific optimizations.” (Original Source)

Shares of Advanced Micro Devices closed last Friday at $1.99. AMD has a 1-year high of $3.37 and a 1-year low of $1.61. The stock’s 50-day moving average is $2.00 and its 200-day moving average is $2.06.

On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 26, Northland Securities analyst Gus Richard reiterated a Buy rating on AMD, with a price target of $5, which implies an upside of 151.3% from current levels. Separately, on October 16, Canaccord Genuity’s Stephen Lee maintained a Hold rating on the stock and has a price target of $2.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gus Richard and Stephen Lee have a total average return of 8.1% and 6.5% respectively. Richard has a success rate of 62.5% and is ranked #612 out of 3842 analysts, while Lee has a success rate of 50.0% and is ranked #2430.

Overall, 3 research analysts have rated the stock with a Sell rating, 9 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 $2.62 which is 31.7% above where the stock closed last Friday.

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.