Building on its strategic investments in heterogeneous system architecture (HSA), Advanced Micro Devices, Inc. (NASDAQ:AMD) announced a suite of tools designed to ease development of high-performance, energy efficient heterogeneous computing systems. The “Boltzmann Initiative” leverages HSA’s ability to harness both central processing units (CPU) and AMD FirePro™ graphics processing units (GPU) for maximum compute efficiency through software. The first results of the initiative are featured this week at SC15 and include the Heterogeneous Compute Compiler (HCC); a headless Linux® driver and HSA runtime infrastructure for cluster-class, High Performance Computing (HPC); and the Heterogeneous-compute Interface for Portability (HIP) tool for porting CUDA-based applications to a common C++ programming model. The tools are designed to drive application performance across markets ranging from machine learning to molecular dynamics, and from oil and gas to visual effects and computer-generated imaging.
“AMD’s Heterogeneous-compute Interface for Portability enables performance portability for the HPC community. The ability to take code that was written for one architecture and transfer it to another architecture without a negative impact on performance is extremely powerful,” said Jim Belak, co-lead of the U.S. Department of Energy’s Exascale Co-design Center in Extreme Materials and senior computational materials scientist at Lawrence Livermore National Laboratory. “The work AMD is doing to produce a high-performance compiler that sits below high-level programming models enables researchers to concentrate on solving problems and publishing groundbreaking research rather than worrying about hardware-specific optimizations.” (Original Source)
Shares of Advanced Micro Devices closed last Friday at $1.99. AMD has a 1-year high of $3.37 and a 1-year low of $1.61. The stock’s 50-day moving average is $2.00 and its 200-day moving average is $2.06.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on October 26, Northland Securities analyst Gus Richard reiterated a Buy rating on AMD, with a price target of $5, which implies an upside of 151.3% from current levels. Separately, on October 16, Canaccord Genuity’s Stephen Lee maintained a Hold rating on the stock and has a price target of $2.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Gus Richard and Stephen Lee have a total average return of 8.1% and 6.5% respectively. Richard has a success rate of 62.5% and is ranked #612 out of 3842 analysts, while Lee has a success rate of 50.0% and is ranked #2430.
Overall, 3 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 3 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 $2.62 which is 31.7% above where the stock closed last Friday.
Advanced Micro Devices Inc is a semiconductor company with facilities around the world. It operates in two segments: Computing Solutions and Graphics and Visual Solutions.