AMD stock jumps 10%, riding the wave of both Polaris and Zen

AMD stock rises 9.8% on the good news surrounding the impending release of the Radeon RX 480.

@anthony256
Published Sat, Jun 18 2016 10:07 PM CDT   |   Updated Tue, Nov 3 2020 11:59 AM CST

AMD has been in the headlines virtually every day this week, and here we are again with some even better news - AMD's stock continues to drive upwards, rising 9.8% yesterday. The reason? Zen and Polaris.

AMD stock jumps 10%, riding the wave of both Polaris and Zen 07 | TweakTown.com
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AMD has been pushing its upcoming Zen architecture for CPUs and APUs, and from what we've seen it is impressive. Then we have the bigger part of the puzzle; Polaris, which is the new GPU architecture from the newly-formed Radeon Technologies Group. Polaris will debut later this month with the Radeon RX 480 4GB model at $199, while the 8GB variant is $30 more expensive at $229.

Lisa Su, the CEO of AMD, has been chatting with various financial groups, TV appearances and her appearance at E3 2016 to debut the Radeon RX 460 and RX 470 - Su has been reiterating AMD's multi-year investment program, something she talked about during her chat with CNBC yesterday.

AMD stock jumps 10%, riding the wave of both Polaris and Zen 08 | TweakTown.com

The closer we get to the launch of Polaris, the higher the stock price will most likely go. With the Radeon RX 480 priced at $199, we can only see good things happening with AMD in the near future, but there are a huge chunk of gamers wanting the company to release a competitor to the GeForce GTX 1080 - which is something I'm glad AMD aren't doing. AMD need to nail the mainstream market, and with their feverish push into VR, I'm beyond excited to see where AMD are in 6-9 months.

NEWS SOURCE:wccftech.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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