Advanced Micro Devices, Inc. (NASDAQ:AMD) announced that its high-performance, enthusiast Ryzen™ Threadripper™ 1950X processor is the CES 2018 Best of Innovation Award winner in the Computer Hardware and Components category. Products entered in this prestigious program are judged by a panel of independent industrial designers, engineers, and members of the trade media to honor outstanding design and engineering in cutting-edge consumer electronics across 28 categories.
As a do-it-all powerhouse built to serve the needs of the most demanding developers, prosumers, creators and enthusiasts, the AMD Ryzen Threadripper 1950X processor supports 16 cores and 32 threads, delivering world-class performance built around AMD’s powerful “Zen” core architecture. This high-end processor delivers overwhelming processing power, unrestrained potential, and superior performance over your most daunting tasks and workloads.
“The overwhelmingly positive response from enthusiasts and expert reviewers that greeted the release of AMD Ryzen Threadripper already served as a huge reward for the AMD whole engineering team who built this ground-breaking product,” said AMD Chief Marketing Officer John Taylor. “Now, with its selection as a CES 2018 Best of Innovation Award winner, Ryzen Threadripper achieves a special standing and place of leadership in the incredible history of processor innovation.”
The prestigious CES Innovation Awards are sponsored by the Consumer Technology Association (CTA)™, owner and producer of CES 2018, the global gathering place for all who thrive on the business of consumer technologies, and have been recognizing achievements in product design and engineering since 1976.
The AMD Ryzen Threadripper 1950X processor will be displayed at CES 2018, which runs January 9-12, 2018, in Las Vegas, Nevada. Best of Innovation Honorees are also displayed at CES Unveiled New York on November 9 at the Metropolitan Pavilion in New York City.
Shares of Advanced Micro Devices took a hit today, falling nearly 5% to $11.12. 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 $12.90 and its 200-day moving average is $12.62.
On the ratings front, AMD stock has been the subject of a number of recent research reports. In a report issued on November 7, Deutsche Bank analyst Ross Seymore maintained a Hold rating on AMD, with a price target of $12, which represents a potential upside of 8% from where the stock is currently trading. Separately, on the same day, Canaccord’s Matt Ramsay maintained a Buy rating on the stock with a price target of $20.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ross Seymore and Matt Ramsay have a yearly average return of 29.4% and 25.0% respectively. Seymore has a success rate of 83% and is ranked #24 out of 4707 analysts, while Ramsay has a success rate of 70% and is ranked #55.
Overall, 4 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 8 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 $14.52 which is 30.6% above where the stock opened today.
AMD 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. It operates through the following segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom.