Advanced Micro Devices, Inc. (NASDAQ:AMD) announced the introduction of the AMD Ryzen™ mobile processor, previously codenamed the “Raven Ridge” mobile APU, providing leadership performance and a complete entertainment experience with optimal efficiency for premium 2-in-1s, convertibles and ultrathin notebook computers. With a configurable 15-watt TDP, the AMD Ryzen™ 7 2700U and AMD Ryzen™ 5 2500U processors combine the architecture of award-winning “Zen” x86 cores–featuring AMD SenseMI Technology processor-level intelligence–with revolutionary Radeon “Vega” graphics in a System-on-Chip design to achieve unprecedented ultrathin notebook performance. The AMD Ryzen 7 2700U is the fastest processor for ultrathin notebooks, with up to 44% more multi-threaded CPU performance3 as well as up to 161% more graphics performance than the competition.
“We promised to bring innovation and competition back to every segment of the PC market in 2017, and today marks the fulfillment of that promise for consumer notebooks following our successful roll-out across the consumer, commercial and high-end desktop markets earlier this year,” said Jim Anderson, senior vice president and general manager, Computing and Graphics Group, AMD. “Ryzen™ mobile processors offer leadership performance for everyday activities, multi-tasking, and advanced workloads alike, all while enabling amazing battery life. We are pleased to deliver the world’s fastest processor for ultrathin notebooks, offering consumers the opportunity to get the most out of their digital lives through our OEM partners’ notebook designs.”
Consisting of up to 4 cores and 8 threads, Ryzen™ mobile processors include AMD SenseMI Technology and are designed for leadership performance in a sleek form factor. The AMD Ryzen™ 7 2700U processor is the world’s fastest for ultrathin notebooks, featuring a 15W nominal processor TDP3,4. In addition, AMD Ryzen™ mobile processors provide blazing fast performance compared to the previous AMD mobile processor generation, with;
- Up to 3X the CPU performance5
- up to 2.3X the GPU performance6
- and up to 58% less power consumption7
Ryzen mobile processors also introduce for the first time:
- new Precision Boost 2 technology, which accelerates processor performance in workloads using from one to many CPU cores8 and
- Mobile Extended Frequency Range (mXFR)9, which raises sustained performance in notebooks with great cooling solutions on notebooks certified for “Ultimate XFR Performance”
“We’re excited to be among the first to bring the AMD Ryzen™ mobile processor with Radeon™ Vega Graphics to the market with our Acer Swift 3 notebook,” said Jerry Kao, President of IT Products Business, Acer. “Designed for a fast-paced world where people are increasingly mobile, the Swift 3 with the Ryzen™ mobile processor will help people power through their day and achieve more on-the-go.”
“As the first to bring Ryzen™ 7 1700 8-core processors to gaming notebooks with the Asus ROG Strix GL702ZC, Asus looks forward to introducing new notebook designs based on the powerful and efficient new Ryzen™ mobile processors,” said S.Y. Shian, Chief Officer & Corporate Vice President, ASUStek Computer Inc.
“We live in a fast-paced world where everyone is on-the-go, requiring productivity in thin and light devices,” said Raza Haider, Vice President, Inspiron & Vostro, Dell Product Group, Dell. “Dell’s Inspiron line offers affordable and versatile computing in beautiful form factors. Starting in early 2018 we are adding AMD Ryzen™ mobile processors to select Inspiron laptops bringing more options for powering cinematic and computing experiences while on the go.”
“HP continues to deliver PCs that drive amazing experiences for our customers,” said Kevin Frost, vice president and general manager, Consumer Personal Systems, HP Inc.“By offering AMD’s Ryzen™ Processor with Radeon™ Vega Graphics with our exceptionally gorgeous HP ENVY x360, users will experience a device that inspires creativity with superb performance.”
“At Lenovo, we’re constantly working on bringing powerful, intuitive computing experiences to our customers,” said Jeff Meredith, senior vice president and general manager of Lenovo Consumer PCs and Smart Devices. “People today need the right tools to get things done on the go. That’s why we’re excited to bring to market the IdeaPad 720S laptop powered by the AMD Ryzen™ mobile processor. The IdeaPad 720S’ powerful processor, feather-light design and all-day battery life is made for today’s mobile multitaskers.”
Shares of AMD are currently trading at $12.27, down $0.06 or -0.51%. AMD has a 1-year high of $15.65 and a 1-year low of $6.22. The stock’s 50-day moving average is $13.22 and its 200-day moving average is $12.72.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report released yesterday, Stifel Nicolaus analyst Kevin Cassidy maintained a Hold rating on AMD, with a price target of $13, which represents a potential upside of 5% from where the stock is currently trading. Separately, on the same day, Barclays’ Blayne Curtis reiterated a Sell rating on the stock and has a price target of $10.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kevin Cassidy and Blayne Curtis have a yearly average return of 20.8% and 16% respectively. Cassidy has a success rate of 69% and is ranked #93 out of 4700 analysts, while Curtis has a success rate of 69% and is ranked #242.
Overall, 3 research analysts have rated the stock with a Sell rating, 10 research analysts have assigned a Hold rating and 9 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 $14.7 which is 19.2% above where the stock closed yesterday.