Advanced Micro Devices, Inc. (NASDAQ:AMD) announced Radeon FreeSync 2 technology, the next major milestone in delivering smooth gameplay and advanced pixel integrity to gamers, with planned availability to consumers in 1H 2017.
Qualifying FreeSync 2 monitors will harness low-latency, high-brightness pixels, excellent black levels, and a wide color gamut to display High Dynamic Range (HDR) content1. In addition, all FreeSync 2 monitors will have support for Low Framerate Compensation (LFC). With Radeon FreeSync 2 technology, gamers can enjoy a complete plug-and-play HDR gaming experience, avoiding the need to tweak settings in software or on the monitor.
“Gamers have spoken and they’ve made FreeSync the overwhelming choice and definitive industry standard for smooth, stutter-free gaming,” said Scott Herkelman, vice president and general manager of gaming, Radeon Technologies Group, AMD. “Radeon FreeSync 2 technology is the first of its kind that combines HDR support with dynamic refresh rate technology, and does it in a seamless, plug-and-play manner that improves gaming quality automatically when the right content is present.”
Current HDR transport formats were designed primarily for movie content displayed on televisions with tone mapping handled by the displays, often leading to higher-than-acceptable latency for PC gaming. AMD’s new API for FreeSync 2 offers a lower-latency alternative that shifts the workload to the powerful pipeline of a Radeon GPU, allowing the game to tone map directly to the display’s target luminance, contrast, and color space. Radeon FreeSync 2 technology offers over 2x the brightness and color volume over sRGB2.
“Samsung has always embraced FreeSync™ technology, which is why we partnered with AMD from the beginning,” said Andrew Sivori, vice president, consumer IT marketing at Samsung. “We know gamers deserve the absolute best in smooth gaming experiences, and we’re thrilled to see AMD further improving on that technology. FreeSync™ 2 combines the richest, highest quality pixels provided by HDR, with the stutter-free, tear-free gaming FreeSync is known for. We’re excited to collaborate with AMD to implement FreeSync™ 2 technology in Samsung display products in the near future.”
FreeSync and FreeSync 2 technologies will co-exist to offer a wide variety of advanced displays to gamers. All FreeSync-compatible Radeon™ GPUs will support FreeSync™ 2 technology, including the Radeon™ RX series GPUs based on the Polaris architecture which also supports DisplayPort3 HBR3 and enables UltraHD resolution beyond 60Hz. Multiple display vendors are actively evaluating several upcoming products for FreeSync™ 2 qualification.(Original Source)
Shares of Advanced Micro Devices are currently trading at $11.21, down $0.13 or -1.15%. AMD has a 1-year high of $12.42 and a 1-year low of $1.75. The stock’s 50-day moving average is $9.78 and its 200-day moving average is $7.21.
On the ratings front, Advanced Micro Devices has been the subject of a number of recent research reports. In a report issued on December 20, Mizuho analyst Vijay Rakesh upgraded AMD to Buy, with a price target of $13, which represents a potential upside of 15% from where the stock is currently trading. Separately, on December 16, Jefferies Co.’s Mark Lipacis reiterated a Buy rating on the stock and has a price target of $13.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Vijay Rakesh and Mark Lipacis have a yearly average return of 27.9% and 29.3% respectively. Rakesh has a success rate of 73% and is ranked #27 out of 4345 analysts, while Lipacis has a success rate of 80% and is ranked #13.
Overall, 2 research analysts have rated the stock with a Sell rating, 5 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 $10.54 which is -7.1% under where the stock closed last Friday.
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.