AMD just revealed its ‘fastest’ Radeon GPU to date

By:
on Oct 19, 2023
Listen
  • Advanced Micro Devices announced the Radeon RX 7900 on Thursday.
  • Alienware says its m18 laptop series with use new AMD GPUs.
  • AMD stock is currently up about 65% versus the start of this year.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Advanced Micro Devices Inc (NASDAQ: AMD) is in focus this morning after it revealed its “fastest” Radeon GPU for laptops to date.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

AMD Radeon RX 7900 is here

Copy link to section

The Radeon RX 7900 uses the RDNA architecture which enables performance that beats the likes of Nvidia GeForce RTX 4080 by about 7.0% on average.

Other salient features of the new graphics processing unit include AI and second-gen raytracing accelerators, 16GB of video random access memory (VRAM), and AVI encoding.

The stock market news arrives only days before AMD is scheduled to report its Q3 results Consensus is for it to earn 49 cents a share this quarter versus 54 cents per share a year ago.

Shares of the semiconductor behemoth are currently up 65% versus the start of 2023.

Alienware to use new AMD GPUs

Copy link to section

Also on Thursday, Alienware said its m18 laptop series which starts in the U.S. at $2,800 will use the newly launched Radeon GPUs. According to Frank Azor – the Chief Architect of Gaming Solutions at AMD:

We worked closely with Alienware on the system to offer best mobile experiences possible, and we think customers will be absolutely delighted with what this system can do.

Note that AMD did also announce new CPUs including the Ryzen 7000 series this morning.

Last week, the chipmaker said it was buying Nod.AI to expand its footprint in artificial intelligence and compete better with its rival Nvidia Corp (read more). Wall Street currently has a consensus “overweight” rating on AMD stock.  

Ad

Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals.

Learn more
USA AI Manufacturing North America Stock Market Tech Video World