To celebrate the theatrical release of “ASSASSIN’S CREED,” in theaters December 21, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Alienware have teamed up with 20th Century Fox and New Regency to launch a virtual reality (VR) experience that will take the viewer into the world of the Spanish inquisition through the lens of an Assassin. The “ASSASSIN’S CREED” Movie VR Experience premieres today at The Game Awards 2016 in the ‘ASSASSIN’S CREED RED Room’ brought to you by AMD and Alienware.
“The ‘Assassin’s Creed’ Movie VR Experience is a thrilling piece of virtual reality that will excite aficionados of the game, fans of the movie and newcomers alike. We are delighted to team up with Fox and are excited to demonstrate how world-class VR can be produced and experienced on AMD technology,” said Roy Taylor, AMD Corporate Vice President, Content, Alliances, and VR.
Developed and rendered using innovative AMD Radeon™ technology, which is designed to fuel the creation of real-time photorealistic VR content, the “ASSASSIN’S CREED” Movie VR Experience was shot on-location during the movie’s filming both in Malta and at Practical Magic’s studio in Burbank.
“We are thrilled at the opportunity to team up with AMD and Alienware to launch an immersive and dynamic VR Experience for our Assassin’s Creed movie,” said Zachary Eller, Senior Vice President, Marketing Partnerships, 20th Century Fox. “The live VR Experience allows fans to experience the world of an Assassin in the setting of the highly anticipated film.” (Original Source)
Shares of AMD closed yesterday at $8.91, down $0.02 or -0.22%. AMD has a 1-year high of $9.23 and a 1-year low of $1.75. The stock’s 50-day moving average is $6.67 and its 200-day moving average is $5.87.
On the ratings front, AMD stock has been the subject of a number of recent research reports. In a report issued on November 22, MKM Partners analyst Ian Ing reiterated a Buy rating on AMD, with a price target of $10.50, which implies an upside of 18% from current levels. Separately, on November 17, Wells Fargo’s David Wong reiterated a Buy rating on the stock.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ian Ing and David Wong have a yearly average return of 30.7% and 20.6% respectively. Ing has a success rate of 75% and is ranked #22 out of 4243 analysts, while Wong has a success rate of 74% and is ranked #41.
Overall, 2 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 5 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 $7.07 which is -20.7% under where the stock closed yesterday.
Advanced Micro Devices, Inc. is a global semiconductor company that develops computer processors and related technologies for business and consumer markets. It design and integrate technology for intelligent devices, including personal computers, game consoles and cloud servers. The company operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop, notebook processors, chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.