Advanced Micro Devices, Inc. (NASDAQ:AMD) announced that its AMD Embedded Radeon™ E9260 GPU has been selected byInternational Game Technology PLC (“IGT”) (NYSE: IGT), the global leader in gaming, for its new “CrystalCurve ULTRA™” gaming cabinet to drive dual 4K monitors at native resolutions, which will be a first in the casino gaming industry. The AMD Embedded Radeon™ E9260 GPU is the industry’s first discrete embedded graphics cards leveraging the new AMD Polaris architecture.
“AMD is a great partner for IGT,” said Rachel Barber, IGT Senior Vice President and Chief Technology Officer, Gaming. “We’re focused on providing our customers with a thoroughly engaging entertainment experience. AMD’s next-generation graphics processors based on the new Polaris Architecture really set our new CrystalCurve ULTRA cabinet apart, with exceptional graphics and highly efficient processing capabilities.”
Optimized for use in high-end systems spanning casino and arcade gaming, medical imaging, and conventional military and aerospace applications, AMD high-performance embedded GPUs enable stunning, immersive visual experiences while supporting efficient thermal design power (TDP) profiles. The AMD Embedded Radeon™ E9260 GPU leverages an optimized 14nm FinFET process to deliver greatly improved performance per watt vs. previous generations of AMD embedded GPUs. Providing up to 2.5 TFLOPS performance in a sub-50W TDP board power profile, the GPUs also offer advanced 4K encode/decode multimedia processing capabilities and multi-display configurability.
“Gaming machine developers have very demanding needs, always driving towards greater levels of customer engagement,” said Colin Cureton, director of marketing and product management, AMD Enterprise Solutions. “The AMD Embedded Radeon E9260 provides exceptional graphics performance for single and multi-display systems with low power consumption. With the new IGT Crystal Curve ULTRA gaming machines’ graphics capabilities powered by AMD, IGT engineers have created the next generation of immersive player experiences.”
The 14nm FinFET manufacturing process and uncompromising video and graphics processing capabilities that underpin the Polaris architecture distinguish the AMD Embedded Radeon E9260 with a superior balance of power, performance and thermal profile. The Radeon E9260 provides immersive and accurate 4K graphic capabilities with H.265 and H.264 encode/decode1 on up to five displays through AMD Eyefinity technology, enabling panoramic “surround sight” and overhead visuals. This allows for more accuracy in images and more immersive detail to produce the best possible visual experience. (Original Source)
Shares of Advanced Micro Devices closed yesterday at $6.32, down $0.23 or -3.51%. AMD has a 1-year high of $8 and a 1-year low of $1.65. The stock’s 50-day moving average is $6.79 and its 200-day moving average is $4.84.
On the ratings front, AMD stock has been the subject of a number of recent research reports. In a report issued on September 20, Bernstein Research analyst Stacy Rasgon upgraded AMD to Hold, with a price target of $5.00, which implies a downside of 21% from current levels. Separately, on the same day, Susquehanna’s Christopher Rolland initiated coverage with a Hold rating on the stock and has a price target of $6.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Stacy Rasgon and Christopher Rolland have a total average return of 2.3% and 8.3% respectively. Rasgon has a success rate of 50% and is ranked #1503 out of 4183 analysts, while Rolland has a success rate of 63% and is ranked #309.
The street is mostly Neutral on AMD. Out of 16 analysts who cover the stock, 7 suggest a Hold rating , 5 suggest a Sell and 4 recommend to Buy the stock. The 12-month average price target assigned to the stock is $5.93, which implies a downside of 6% from current levels.
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.