Advanced Micro Devices, Inc. (NASDAQ:AMD) announced, in conjunction with game developers Stardock and Oxide Games, the completion of initial optimization of “Ashes of the Singularity” for AMD Ryzen desktop processors resulting in significant performance increases. The popular game title, which initially launched one year ago, demonstrates significant performance increases in game play and an up to 30 percent increase in “Average Frames Per Second All Batches” in-game benchmark performance, placing AMD Ryzen 7 1800X in elite performance levels for the game.1 Stardock and Oxide Games are premier participants in the AMD Ryzen game development program that spans numerous significant game development houses and titles.
“Unleashing the full high-performance value proposition of the ‘Zen’ core and AMD Ryzen CPUs requires close collaboration with software, hardware, and game developers. The results Stardock and Oxide have achieved show impressive gains,” said Jim Anderson, SVP and GM of the Computing and Graphics Business at AMD. “We’re very pleased with the results, not just because of the statement it makes about incredible AMD Ryzen performance headroom, but more importantly what it means for fans of ‘Ashes’ — a state-of-the-art implementation of DirectX® 12 in a real-time strategy game.”
“I’ve always been vocal about taking advantage of every ounce of performance the PC has to offer. That’s why I’m a strong proponent of DirectX 12 and Vulkan® because of the way these APIs allow us to access multiple CPU cores, and that’s why the AMD Ryzen processor has so much potential,” said Stardock and Oxide CEO Brad Wardell. “As good as AMD Ryzen is right now — and it’s remarkably fast — we’ve already seen that we can tweak games like ‘Ashes of the Singularity’ to take even more advantage of its impressive core count and processing power. AMD Ryzen brings resources to the table that will change what people come to expect from a PC gaming experience.”
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on March 27, Jefferies analyst Mark Lipacis reiterated a Buy rating on AMD, with a price target of $16, which implies an upside of 17% from current levels. On March 21, Susquehanna’s Christopher Rolland maintained a Hold rating on the stock and has a price target of $12.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Lipacis and Christopher Rolland have a yearly average return of 29.8% and 9.5% respectively. Lipacis has a success rate of 79% and is ranked #4 out of 4555 analysts, while Rolland has a success rate of 62% and is ranked #432.
Overall, one research analyst has rated the stock with a Sell rating, 9 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 $12.57 which is -8.3% 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. It 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.