Advanced Micro Devices, Inc. (AMD): ‘Vega’ GPU to Power LiquidSky Platform


Advanced Micro Devices, Inc. (NASDAQ:AMD) announced that its upcoming Vega architecture-based GPUs have been selected to power LiquidSky, enabling gamers around the world to enjoy the extraordinary power of Vega from anywhere. LiquidSky already lets their 1.4 million beta users play any PC video game as it was meant to be enjoyed — from the latest AAA titles to indie hits — on Android phone or tablet, low-spec Windows®, Mac®, and even Linux® devices. With Vega’s powerful Radeon Virtualized Encode at the heart of the service, subscribers will relish a high-quality gaming experience on par with enthusiast gaming PCs, but at a much lower cost through LiquidSky’s low-cost and free subscription models. Gamers across the world can benefit from the exceptional GPU performance by connecting to any of the 13 LiquidSky global data centers.

“LiquidSky’s game streaming service delivers the very best visuals, detail, and pure performance, regardless of the device you’re using,” said Ian McLoughlin, LiquidSky’s co-founder and CEO. “AMD’s Vega-based GPUs will have the perfect blend of bleeding-edge hardware virtualization features and tremendous rendering horsepower. This means consistent framerates and quality of service that’s simply not possible with existing technologies.”

“Vega truly democratizes access to enthusiast class game experiences, whether gamers are tapping into this power on a home PC or through a cloud-based game streaming service,” said Raja Koduri, senior vice president and chief architect, Radeon Technologies Group, AMD. “LiquidSky and Vega are a perfect match. Radeon MxGPU technology already delivers exceptional quality of service for graphics workloads, and with Radeon Virtualized Encode the full end-to-end game streaming pipeline gets the same benefit.”

The new Vega graphics architecture will be built on a 14nm manufacturing process and drive the next generation family of enthusiast-class Radeon™ graphics cards. Vega-based GPUs will have unique features like Radeon Virtualized Encode that bring cloud-based streaming services to new levels of quality, reliability, and security.

GPU products based on the Vega architecture are expected to ship in the second quarter of 2017.

Shares of Advanced Micro Devices are up nearly 4% to $15.00 in after-hours trading Wednesday. AMD has a 1-year high of $15.55 and a 1-year low of $2.15. The stock’s 50-day moving average is $12.14 and its 200-day moving average is $9.03.

On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on February 23, Deutsche Bank analyst Ross Seymore maintained a Hold rating on the stock, with a price target of $9.00, which reflects a potential downside of 38% from last closing price. On February 22, Rosenblatt Securities’ Hans Mosesmann initiated coverage with a Buy rating on the stock and has a price target of $16.50.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ross Seymore and Hans Mosesmann have a yearly average return of 29.4% and 12.3% respectively. Seymore has a success rate of 86% and is ranked #7 out of 4503 analysts, while Mosesmann has a success rate of 54% and is ranked #357.

Overall, 2 research analysts have rated the stock with a Sell rating, 10 research analysts have assigned a Hold rating and 10 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 $11.50 which is -20.5% 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. 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. 

 

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