AMD Announces Latest Radeon Software Adrenalin 2019 Edition
Advanced Micro Devices, Inc. AMD recently unveiled its new Radeon Software Adrenalin 2019 Edition. This updated version will feature the WattMan technology and be based on the AMD RadeonGraphics Processing Units (GPUs). This card is ideal for gamers who require superior graphic performance and high-quality visual experiences.
The 2019 Edition supports AMD Radeon FreeSync technology, offering an improved soundscape for gaming along with rich graphics. Powered by ReLive Wireless Virtual Reality (VR) app., the graphics card will support PC-quality streaming to VR headsetsalong with Android and iOS-based mobile phones, providing the desired speed for optimal graphics solutions required for notebooks and desktops.
Further, it has been designed to deliver up to 15% of computing performance, offering extreme gaming details with ultra-wide 21:9 display. According to Andrej Zdravkovic, the corporate vice president of software, Radeon Technologies Group, “AMD Radeon Software Adrenalin 2019 Edition delivers double-digit performance improvements in select games and amazing new features, making it easier than ever for gamers to optimize their graphics settings to invigorate the PC gaming experience for both novice and expert Radeon GPU users.”
This launch is likely to provide AMD an edge against the likes of NVIDIA NVDA and Intel INTC. With these cards, AMD is foraying into the high-end graphics card market. Consequently, AMD’s revenues are poised to benefit significantly if the latest GPU can cater to the rising demand of the users.
AMD stock has gained 93.2% year to date, against the 2.5% decline of the industry it belongs to.
PC Gaming and Graphics Card Market
Per Gartner, PC shipments in the third quarter increased 0.1% year over year to 67.2 million units. We believe AMD is well poised to benefit from the strong demand of gaming PCs.
Notably, growth in the gaming hardware market is driving demand for graphics processors as well. Per Allied Market Research, the GPU market is anticipated to reach $157.1 billion at a CAGR of 35.6% from 2016 to 2022.
Furthermore, increasing adoption of AI techniques and machine learning tools in industries like gaming, automotive and blockchain are primarily responsible for driving GPU demand. AMD is benefiting from this demand.
Computing and Graphics segment (56.7% of total revenues) revenues increased 12.3% year over year to $938 million in the third quarter of fiscal 2018. The increase can be attributed to accelerated sales of Ryzen desktop and mobile processors.
We believe that the launch of the new graphics card will help AMD increase its market share further.
Zacks Rank & Key Picks
AMD currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Upland Software, Inc. UPLD, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Upland Software is projected to be 20%.
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