Advanced Micro Devices (AMD) announced the launch of a new series of processors designed for commercial mobile and desktop AI PCs, leading to an increase in AMD stock. 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.
Commercial PCs equipped with these new Ryzen AI-enabled processors will offer enhanced performance for artificial intelligence-enabled tasks such as content creation, collaboration, and data and analytics workloads, as per AMD’s press release. 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.
AI PCs featuring these new processors will be available from manufacturers like HP (HPQ) and Lenovo, among others. 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.
For more stories on consumer technology, software, and semiconductor stocks, follow Patrick Seitz on X (@IBD_PSeitz). Some other articles you might enjoy includes recent IPO Astera Labs receiving bullish analyst coverage, smart-home company Resideo acquiring Snap One, Netflix stock performance ahead of its Q1 earnings report, and resources available through MarketSurge for research, charts, data, and coaching all in one place. Additionally, see which stocks are on the list of leaders near a buy point.
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