Today, Advanced Micro Devices (NASDAQ:AMD) announced the global availability of its 2nd Generation Ryzen™ Desktop processors, starting with four models optimized for gamers, creators, and hardware enthusiasts: Ryzen™ 7 2700X, Ryzen™ 7 2700, Ryzen™ 5 2600X, and Ryzen™ 5 2600 processors. Using the world’s first 12nm process technology, these 2nd Gen Ryzen processors can offer up to 15% higher gaming performance2,3 than 1st Gen Ryzen processors, while delivering the highest multiprocessing performance you can get on a mainstream desktop PC4, and enhanced capabilities including Precision Boost 2 and Extended Frequency Range 2 (XFR 2), an included Wraith Cooler, unlocked performance accessed with the new Ryzen™ Master Utility5, and more.
“Last year we started changing the PC industry with the introduction of our first wave of Ryzen processors – delivering more performance, features, and choice to our customers than before. Our 2nd Gen Ryzen CPUs continue this pursuit by raising the standards for enthusiast gamers and creators,” said Jim Anderson, senior vice president and general manager, Computing and Graphics Business Group, AMD. “With this launch we’re also demonstrating that we are just getting started, that we are committed to delivering a multi-generational roadmap of leadership high-performance processors that will drive innovation and competition into the industry for years to come.”
Building on the original award-winning 2017 “Zen” architecture, the 2nd Gen Ryzen processors combine the improved “Zen+” core with other major performance, feature, and platform advancements.
The new “Zen+” core increases IPC6 and reduces both cache and memory latencies7 compared to 1st Gen Ryzen processors. AMD’s SenseMI8 technology is updated with Precision Boost 2, which enables 2nd Gen Ryzen processors to intelligently analyze the workload and computing environment and contributes in delivering the highest multiprocessing performance in their classes1.
Higher effective clock speeds on all 2nd Gen Ryzen processor cores can improve the performance of Ryzen processors in popular real-world applications like games, creativity and productivity applications2,3,4,5. Gaming experiences are beautifully smooth across popular resolutions from 1080p Ultra to 1440p High to 4K. And, select 2nd Gen Ryzen processors offer up to 20 percent faster content creation than the competition9,10.
With XFR 2 technology on all AM4 platforms with 2nd Gen Ryzen processors, enthusiast PC builders will enjoy even higher performance11 in the presence of premium cooling12,13.
Designed with enthusiasts and high performance in mind, 2nd Gen Ryzen processors feature soldered integrated heatspreaders for superlative thermal transfer14, and unlocked multipliers for simple, powerful overclocking5 control. Performance tuning, enabled by the new Ryzen Master 1.3 software, is easier than ever before, and now offers per-core overclocking5 with automatic identification of the potentially fastest cores.
For the first time, the entire line of 2nd Gen Ryzen processors include a world class AMD Wraith Cooler inside the retail box. The flagship AMD Ryzen 7 2700X CPU includes the new Wraith Prism cooler featuring premium thermal performance, an upgraded fan profile, and enhanced lighting capabilities with per-RGB controls.
Optimized for the 2nd Gen Ryzen processors, new AMD X470 chipset is available on Socket AM4 motherboards now. In addition to enhanced memory compatibility and overclocking5 capability, these new motherboards come with a free download of the new AMD StoreMI technology software, which combines the speed of an SSD and the capacity of a traditional spinning hard disk into a single easy-to-manage drive for faster, smarter, and easier storage15.
Compatible with all current AM4 processors, the new X470 motherboards augment the existing 300-series motherboards, which are also compatible with the new 2nd Gen Ryzen processors with a firmware (BIOS) update. Many in-market motherboards already come with the updated BIOS, indicated by a “Ryzen Desktop 2000 Ready” label on the package.
On the ratings front, AMD stock has been the subject of a number of recent research reports. In a report released today, Barclays analyst Blayne Curtis maintained a Sell rating on AMD, with a price target of $9.00, which implies a downside of 13% from current levels. Yesterday, MKM Partners’ Ruben Roy reiterated a Hold rating on the stock and has a price target of $13.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Blayne Curtis and Ruben Roy have a yearly average return of 16.4% and 12.2% respectively. Curtis has a success rate of 68% and is ranked #240 out of 4791 analysts, while Roy has a success rate of 66% and is ranked #515.
In the past 12 months, 4 research analysts rated the stock a Sell, 5 issued a Hold and 10 recommended a Buy. When considering if perhaps the stock is under or overvalued, the average price target is $14.78 which is 43% above where the stock closed yesterday.