Earlier today, chip stock AMD (NASDAQ:AMD) rolled out a slate of new chips that showed off the power and speed available in its latest line of Radeon and Ryzen chips. The news was well-received by investors, who promptly parked cash in AMD and sent shares up nearly 2% in Thursday morning’s trading.
AMD started the statement by revealing the new chips with a bang, showing off what it declared to be the “fastest ever” Radeon graphics processing unit (GPU), if only for laptops. The Radeon RX 7900 puts the RDNA architecture to work and produces results that are around 7% better than the Nvidia (NASDAQ:NVDA) GeForce RTX 4080. It doesn’t stop there, either, as the RX 7900M version packs in artificial intelligence features as well as ray-tracing capability that’s a step ahead of the previous generation.
It went on from there. AMD also rolled out some new tools for the desktop user, particularly the Threadripper central processing unit’s (CPU) triumphant return. The newest and best Threadripper, the Threadripper 7995WX, boasts 96 cores and 192 threads. It can offer a maximum boost speed of 5.3GHz and as much as 384 megabytes of L3 cache. The flagship model, the 7980X, offers 64 cores and 128 threads and also a more reasonable price tag, so to speak, at $4,999. The price of the 7995WX is unknown as of yet, but it’s almost certainly more than the 7980X, which is high enough for almost anyone as it is.
Is AMD A Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMD stock based on 22 Buys and seven Holds assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMD price target of $137.48 per share implies 31.88% upside potential.
