Advanced Micro Devices (NASDAQ:AMD) announced today the availability of world’s most powerful desktop processor, the 2nd Gen AMD Ryzen Threadripper 2990WX processor with 32 cores and 64 threads. Designed to power the ultimate computing experiences, 2nd Gen AMD Ryzen Threadripper processors are built using 12nm “Zen+” x86 processor architecture and offer the most threads on any desktop processor with the flagship model delivering up to 53% greater performance than the competition’s flagship model. Second Gen AMD Ryzen Threadripper processors support the most I/O, and are compatible with existing AMD X399 chipset motherboards via a simple BIOS update, offering builders a broad choice for designing the ultimate high-end desktop or workstation PC.
AMD investors are clearly pleased with the new processor launch, bidding up the stock 3% to $19.65.
“We created Ryzen Threadripper processors because we saw an opportunity to deliver unheard-of levels of multithreaded computing for the demanding needs of creators, gamers, and PC enthusiasts in the HEDT market,” said Jim Anderson, senior vice president and general manager, Computing and Graphics Business Group, AMD. “With the 2nd Gen processor family we took that challenge to a whole new level – delivering the biggest, most powerful desktop processor the world has ever seen.”
“AMD reinvigorated the PC market with the launch of Ryzen processors, bringing compelling new choices to buyers of performance PCs”, said Alex Herrera, analyst and author of Jon Peddie Research’s Workstation Report. “Now, with the 2nd Generation AMD Ryzen Threadripper, AMD is doing the same for professionals, delivering potent new CPU options to serve the hefty performance demands of the workstation market.”
Bigger, More Powerful Performance
AMD WX Series of processors offer class-leading core counts3, featuring the Ryzen™ Threadripper™ 2990WX with 32-core/64-threads and Ryzen™ Threadripper™ 2970WX with 24-core/48-threads. These are the embodiment of pure multi-core processing, purpose-built for prosumers who crave raw computational compute power to dispatch the heaviest workloads.
- 2nd Gen AMD Ryzen Threadripper 2990WX delivers up to 53% faster multi-thread performance than the Core i9-7980XE1.
- 2nd Gen AMD Ryzen Threadripper 2990WX offers up to 47% more rendering performance for creators than the Core i9-7980XE4.
AMD has enhanced the 2nd Gen AMD Ryzen™ Threadripper™ X Series with higher base and boost clocks offering enthusiasts, creators, gamers, and streamers who demand high performance with a beautiful smooth gaming experience; 16-core/32-thread 2nd Gen AMD Ryzen Threadripper 2950X delivers up to 41% more multi-threaded performance than the Core i9-7900X5.
Better Experience with 2nd Gen Ryzen Feature Set
2nd Gen AMD Ryzen Threadripper processors implement improved AMD SenseMI6 Technology with Precision Boost 2, and Extended Frequency Range 2 (XFR2) delivering the same generational performance uplifts seen on 2nd Gen Ryzen desktop processors. Additional performance and value are delivered for the enthusiast with:
- AMD StoreMI Technology: All X399 platform customers will now have free access to AMD StoreMI Technology enabling configured PCs to load files, games, and applications from a high-capacity hard drive at SSD-like read speeds7.
- Ryzen Master Utility: Like all AMD Ryzen™ processors, 2nd Gen AMD Ryzen Threadripper CPUs are fully unlocked8. With the updated AMD Ryzen Master Utility, AMD has added new features like fast core detection both on die and per-CCX, advanced hardware controls, and simple, one-click workload optimizations.
- Precision Boost Overdrive (PBO)9: A new performance—enhancing feature that allows multi-threaded boost limits to be raised by tapping into extra power delivery headroom in premium motherboards.
On the ratings front, AMD has been the subject of a number of recent research reports. In a report issued on August 10, Goldman Sachs analyst Toshiya Hari upgraded AMD to Hold, with a price target of $21, which implies an upside of 10% from current levels. Separately, on August 6, Merrill Lynch’s Vivek Arya maintained a Buy rating on the stock with a $25 price target.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Toshiya Hari and Vivek Arya have a yearly average return of 23% and 19.3% respectively. Hari has a success rate of 60% and is ranked #591 out of 4847 analysts, while Arya has a success rate of 58% and is ranked #279.
Overall, sentiment on the street is mostly bullish on AMD stock. Out of 20 analysts who cover the stock, 10 suggest a Buy rating , 8 suggest a Hold and 2 recommend a Sell. The 12-month average price target assigned to the stock is $19.18, which represents a slight upside potential from current levels.