Company Update (NASDAQ:AMD): Advanced Micro Devices, Inc. Showcases Cutting Edge Hardware and Software Digital Content Collaborations

Advanced Micro Devices, Inc. (NASDAQ:AMD) joins forces with the industry’s most notable hardware and software leaders at the 2015 NAB Show to equip broadcast and digital content creation customers for enhanced 4K workflows powered by AMD FirePro™ W-series professional graphics. Additionally, AMD announced the new FireRender plug-in, based on contributions from Render Legion s.r.o., developers of Corona Renderer, for rendering functionality in major software applications using AMD FirePro™ W-series professional graphics.

“AMD is very proud to collaborate with hardware and software application leaders to provide broadcast and digital content creation customers with amazing tools and support for creative 4K workflows,” said Karl Freund, general manager, Professional Graphics at AMD. “AMD professional graphics benefit customers with robust GPU memory sizes, outstanding multi-display 4K capabilities, plus driver quality and certified ISV application support, enabling users to simply do more, faster.”

“Adobe Creative Cloud — with powerful tools such as Adobe Premiere Pro CC and Adobe After Effects CC — includes tight integration between apps and a deeply connected mobile-to-desktop workflow that creative professionals need,” said Simon Williams, senior director of business development at Adobe. “Working together, AMD and Adobe continue to create innovative advances that push the boundaries of app performance that video professionals rely on every day.”

At the 2015 NAB Show, the AMD exhibit showcases Adobe, Autodesk, Blackmagic Design, Dell, HP, and The Foundry offering attendees a range of hands-on workflow experiences powered by AMD FirePro professional graphics:

  • New fully integrated and redesigned OpenCL™ AMD accelerated features for Adobe Premiere® Pro CC (part of Adobe Creative Cloud) allow editors to be more creative with color than before. In addition to OpenCL™ streamlined color features, Adobe will showcase an all new OpenCL™ powered Morph Cut feature for making, previously impossible, jump cuts natural and seamless.
  • The Foundry’s NUKE node-based compositor, MODO 3D modeling, and MARI 3D paint tool powered by the Apple Mac Pro and the AMD FirePro™ D700 GPU;
  • Autodesk demonstration featuring the FireRender plug-in for 3ds Max and Autodesk Maya with OpenCL™ accelerated Bullet Physics and deformers powered by a workstation with AMD FirePro™ W9100 professional graphics. Render Legion s.r.o., a leading developer with an established reputation for rendering solutions, was selected by AMD to help create the FireRender plugin scheduled for public testing this spring;
  • Demonstrations of Blackmagic DaVinci Resolve real-time video post-processing effects previews and color correction along with Eyeon Fusion advanced infinite 3D workspace;
  • Dell Precision™ Workstation family that delivers outstanding performance and stability while giving creative designers and professionals a reliable platform for demanding ISV applications;
  • HP Z Workstations featuring power, performance, and reliability for complex post-processing effects on a feature film, or texturing TV animations.

The AMD FirePro W-series professional cards are on display with hardware and software leaders at the 2015 NAB Show at the Las Vegas Convention Center in Las Vegas, Nevada at booth #SL9324 (south hall lower level). (Original Source)

Shares of Advanced Micro Devices closed yesterday at $2.71. AMD has a 1-year high of $4.80 and a 1-year low of $2.14. The stock’s 50-day moving average is $2.87 and it’s 200-day moving average is $2.82.

On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on March 25, UBS analyst Stephen Chin downgraded AMD to Sell, with a price target of $2.40, which reflects a potential downside of 11.4% from last closing price. Separately, on February 10, Citigroup’s Christopher Danely reiterated a Sell rating on the stock.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Stephen Chin and Christopher Danely have a total average return of 19.6% and 7.1% respectively. Chin has a success rate of 66.7% and is ranked #286 out of 3571 analysts, while Danely has a success rate of 68.4% and is ranked #1067.

In total, 4 research analysts have rated the stock with a Sell rating, 4 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 $2.71 which is 6.6% above where the stock closed yesterday.

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.

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