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AMD shares rise 8% riding Ryzen and GPU excitement

AMD shares rise 8% to $15.27, above analysts' expectations
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Jul 26, 2017 10:25 am

AMD has been enjoying success after success throughout 2017, bringing excitement to the CPU world with the release of not just Ryzen 7 1800X - but the entire Ryzen 5 and Ryzen 7 family of processors.

 

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The company continued that upward trajectory with Ryzen ThreadRipper teases all year, with AMD's return to HEDT not just some lukewarm release - but a huge ass kicker to Intel who has been dragging their ass along the ground for years now. AMD's upcoming Ryzen ThreadRipper 1950X flagship processor is a 16C/32T beast for only $999, with Intel's closest processor costing nearly DOUBLE that.

 

Well, this has all turned into AMD making some massive strides on the books and in the market with AMD shares spiking 8.2% to $15.27 in extended trading on Tuesday. AMD is now expected to have an annual revenue increase of "a mid to high-teens percentage" compared to previous estimates that saw low double-digit percentage revenue growth. AMD is expected to push Q3 2017 revenues by 23% over the previous quarter.

 

AMD's Computing and Graphics division had revenues of $659 million, up by a large 51% year-over-year, something that has been driven by the successful launches of Ryzen - oh and the insatiable demand for Radeon GPU technology with the massive Ethereum craze.

 

The Enterprise, Embedded and Semi-Custom division is down 5% year-over-year which is due to lower than normal semi-custom SoC sales, but we should see an increase in this division as we draw closer to the release of the Xbox One X, powered by semi-custom AMD technology. AMD's new enterprise/server EPYC processors will also inject a fairly large spike into this division in Q1 2018 and beyond.

NEWS SOURCES:Fortune.com, Tweaktown.com

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