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Advanced Micro Devices, Inc. (AMD)
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AMD Launches Radeon RX 6600: More Mainstream Gaming For $329
by Ryan Smith on October 13, 2021 9:00 AM EST
AMD this morning is once again expanding its Radeon RX 6000 family of video cards, this time with the addition of a second, cheaper mainstream offering: the Radeon RX 6600. Being announced and launched this morning, the Radeon RX 6600 is aimed at the mainstream 1080p gaming market, taking its place as a second, cheaper alternative to AMD’s already-released Radeon RX 6600 XT. Based on the same Navi 23 GPU as its sibling, the Radeon RX 6600 comes with 28 CUs’ worth of graphics hardware, 8GB of GDDR6 VRAM, and a 32MB Infinity Cache, with prices starting at $329.
AMD launched the first members of its Radeon RX 6000 family just under a year ago, and even with both the ongoing pandemic and a tumultuous market for video cards, the company has been continuing to roll out additional video cards in a rather straightforward cascading fashion. Now up to their 6th RX 6000 desktop card, AMD is filling out the lower-end of their lineup as market and supply conditions allow. This means that with their first Navi 23-based desktop card having launched back in August – the Radeon RX 6600 XT – the company is now ready to roll out a lower-tier version of the card going after the same 1080p gaming audience.
AMD is hitting on all cylinders and its all because of Lisa Su and her leadership. She is very proactive and a visionary. Personally, I am very excited about the coming earnings report. AMD has fab relationships with 3 major players TSMC, Global Foundries, and Samsung. Lisa Su is very smart and prepared for this shortage even though it was hard to predict. Investors will be pleasantly surprised by the earnings report coming on the 26th, just over a week away. Its going to get even more exciting! IMHO AMD should be trading at least half of Nvidia's market cap. Double where we are at today, and that is more like the realistic number for AMD.
On October 20, Samsung will showcase the Exynos 2200 AMD GPU at mRNDA2. The first gadget Galaxy TAB S8 Ultra.
Christopher Danely at Citigroup, who had a perpetual $7 price for AMD, had silently changed his number to $100.
Well, my bet on AMD/XILINX China approval on 10-15-21 did not occur. Xilinx is trading after hours which is not to happen if the approval/deal is done.
Next guess is 10-26-21 which I've noted others to bet on too.
When I first started looking at share prices clear back in the 70’s, the 52 week highs are lows were 50% different all over the pages with most of those trading at about the half way point between them. The takeaway I got was one can double your money in a year, if you buy on the upswing and hope you have bought at near the low of that run up. The company, industry and economic fundamentals usually tell the story of it’s chances of a good run and doing just that. It may take a little longer than a year but under good conditions doubling is a good bet. See what the low of AMD is and do the research and math for your self. Myself, I see 140’s by this time next year with a possible pull back into the 120-130 range. Just my take but I’m not about to say it will happen. The odds are, I believe, are on my side. Good fortune to all.
Fellow Longs, after all we have been through I hope you are thoroughly enjoying today…
Best Is Yet To Come !
This is SO much fun---clicking back and forth to watch the race between AMD's and XLNX's percentage gain today. They're running "neck and neck" again today. Enjoy this run-up to uncharted territory, fellow longs!!! How blessed we are to have discovered the next BLUE-CHIP tech stock so early in its growth!!!
When the merger closes AMD will be sitting around $115 let’s say. That puts the enterprise value at around $48B.
You will hear a lot of discussion that AMD paid too much when that happens.
But a lot of us on this MB are Xilinx owners. AMD is paying us 1.7234 AMD shares for each XLNX share we own.
Personally I don’t think Lisa Su is paying us too much for Xilinx, Do you?
AMD's chips will also be in greater demand by gov'ts' globally ie. China, for other key reasons too but AMD's chips have far superior energy efficicacy to intel's chips. As due to climate change initiatives across the globe, we are all concerned about reducing CO2 levels, power efficiency is a very important parameter in selecting chips. China will pass the Xilinx merger for many reasons, but one they like many of us respect Dr. Su she is humble, very intelligent and is able to bring her teams together and inspire them to do the best R&D globally in chips, making the best chips China needs too. With Xilinx fpga tech AMD can make even better chips.
There's really no contest regarding efficiency as AMD has put a lot of work into power usage with its line of CPUs compared to Intel. This is a really important factor going forward as all buyers of CPU's consider efficiency not only for climate change reasons, but cost of energy usage too. AMD's PE of 36, is undervalued I think considering the large growth runaway ahead, demand for AMD's will continue to grow, as they are well designed efficiency just being one strong characteristic out of many, hence Microsoft and Tesla ect.. are buying AMD chips with long term contracts. They want guaranteed AMD chips if shortages continue into the future. I think AMD is one of the most productive assets a person can hold for the long term. They spend far less on R&D then Intel with much better results.
In case you haven't noticed, once again today AMD's closing has gained more percentage-wise than ALL of the FAANG stocks--only about .04% over GOOG's but over it nevertheless.
I think this speaks LOUDLY about AMD's future growth, don't you?
TSMC spare capacity might be going to AMD. According to a report from Bloomberg News, supply issues with chip components from Broadcom and Texas Instruments are holding up manufacturing. They can’t use the TSMC chips. If Apple has any left on 7nm this is good news for AMD.
Glad to see AMD jumped 4% this morning! With its strong fundamentals & high volatilities, it needs a catalyst to take it to $150 (as Kris predicted) or higher level this year?
Where could this catalyst come from?
(1) Great Q3 results & Q4 guidance (Oct 26)
(2) Some big guys (institutions) start buying
(3) New big partnership/ contract from big companies in smart phone, server, 5G, auto-driving.. areas (AMZN, MSFT, GOOG, AAPL, TSLA, Samsung, VIVO, OPPO..)
(4) IF PassMark's 10% server market share jump so far this quarter (from Q3 to Q4) is true?
(5) XLNX merger approved by China?
Market is always full of uncertainties! It needs vision, guts, strategies with risk control to have good success. Of course, we also need luck!
GLTA (longs & shorts)!
Damon Verial got published this week on Seeking Alpha urging readers to prepare for a big AMD sell off…
How embarrassing for him.
I wonder if the author used his real name?
TSMC earnings and Apple iPhone reduction is going to drive this up BIG BIG TIME today.
AMD was hated between 2020.09 & 2021.07; It happened in 2017 before, share price was around 10 for the whole year. Luckily, AMD had great revenue & earning growth, now is $100!
2021 Q3 report will be announced on Oct 26. AMD may need higher earning to break its ATH of 122?
Just for fun, a 'rough' Q3 earning estimate could be:
(1) Yahoo's estimate: 67 cents for Q3
(2) Based on "Earning surprises":
2021 Q2: 26.95% ; Q1: 18.31%
2020 Q4: 9.46% ; Q3: 15.49%
i.e. Avg= +17%
=> Q3 earning= 67x1.17= 78 cents
(3) Server market share increase (alone):
Q1 to Q2= 2% (PassMark), assume
Q2 to Q3= 2% &
Sever annual sales= 22B
Net profit margin= 25%
Thus, Incremental earning=
$22Bx 0.02x0.25 /1.2B = 9 cents/share
=> Q3 earning= 63cents (Q2) +9= 72 cents
Again, this is just for fun which could be totally wrong!
Good luck to everybody (longs & shorts)!
AMD, ￼￼￼￼￼￼will be producing approximately an $6.85 GAIN,
￼￼ between Wednesday, and Thursday alone￼.
New intel chips are hot!
I mean literally hot... Check their operating temperatures and power draw :D
Has someone finally figured out the coming Tsunami wave for chip demand and the wide open green field opportunity for Electric Vehicles that lies ahead of a combined AMD and Xilinx with their stealth products in portfolio? Not to mention the very impressive road map in the Data Center and Cloud?
Kris - Varney just asked a lady on his show why the market is up so much today. She responded that it's due to inflation. Then Varney said--just as I was thinking--that you'd think it would be just the opposite. Her response was that, considering all the financial problems everywhere, people have to put their money somewhere so that it will grow. I think Varney responded in saying that it will go the other way before long--or something like that.
Naturally, we AMDers know why AMD is going up today--so much positive news on the way. But it's quite unusual to see so much positive in the markets overall.
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