AMD Announces New Processors for AI-Enabled Commercial PCs, Boosting Stock Price
Advanced Micro Devices (AMD) announced the launch of a new series of processors designed for commercial mobile and desktop AI PCs. The company, based in Santa Clara, California, stated that these new chips will provide businesses with the most advanced x86 processors for AI PCs. The new Ryzen Pro 8000 series and 8040 series processors will be available later in the quarter, with the 8000 series intended for desktop PCs and the 8040 series for notebook PCs.
In response to this news, AMD stock saw a rise of more than 1% to 162.86 in morning trading. Jack Huynh, Senior Vice President and General Manager for AMD’s computing and graphics group, highlighted that the latest Pro series processors are expected to set a new standard for premium computing experiences, aiding businesses in deploying AI capabilities across their PCs with improved performance and security.
The latest Pro series processors from AMD are expected to enhance the performance of artificial intelligence-enabled tasks such as content creation, collaboration, and data analytics workloads. These new processors are designed to offer enhanced performance compared to previous versions while consuming less power. This makes them ideal for use in commercial PCs where power consumption is a major concern.
Manufacturers like HP (HPQ) and Lenovo will be offering AI PCs featuring these new processors later this year. Evercore ISI analyst Mark Lipacis initiated coverage of AMD stock with an outperform rating and a price target of 200. Lipacis emphasized that AMD stands to benefit from the shift in computing towards parallel processing, allowing the company to gain market share in server central processing units and AI accelerators for data centers. Additionally, AMD stock is included in the IBD Tech Leaders list.
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