With webcast less than half hour away this was leaked and here is some key points Polaris confirmed: AMD's $200 Radeon card will bring high-end graphics to the masses AMD says its new Polaris-based graphics cards will deliver performance equivalent to $500 graphics cards from today’s generation. That’s roughly in line with the Radeon R9 390X, GeForce GTX 980, or air-cooled Radeon Fury. Assuming that proves accurate, the massive performance leap stems from the adoption of 14nm FinFET technology in Polaris, a leap forward by two full technological generations for graphics processors. Both AMD and Nvidia (which uses 16nm FinFET tech in its new Pascal GPUs) were previously stuck on the 28nm node since late 2011, after 20nm technology proved to be a bust for graphics cards. Dragging previously high-end performance down to an affordable $200 price point will let AMD dominate for the crucial mainstream graphics market until Nvidia releases a GTX 1060. It will also expand the total overall market for virtual reality—a key new battleground for computing. AMD’s been beating the drum loudlywith its LiquidVR development kit initiative and the Radeon Pro Duo, a dual-GPU beast of a graphics card devoted to VR game development. The Full Article http://www.pcworld.com/article/3077...ll-bring-high-end-graphics-to-the-masses.html
Link: http://www.reuters.com/article/us-amd-outlook-idUSKCN0YN36Y Technology | Tue May 31, 2016 11:52pm EDT Related: TECH U.S. chipmaker AMD expected to return to operating profit in second half: CEO Advanced Micro Device Inc expects to return to operating profitability in the second half of this year, Chief Executive Lisa Su said Wednesday. "I expect our revenue to grow for the full year," Su said on the sidelines of the Computex technology show in Taipei. In mid-April, AMD reported first-quarter revenue falling 19.2 percent year-on-year with a net loss at $109 million. (Reporting by J.R. Wu; Editing by Stephen Coates)
Here we go! The Polaris release! AMD(NASDAQ: AMD) today unveiled the company’s strategy for its upcomingPolaris architecture-based Radeon™ RX Series graphics cards, introducing impressive levels of VR performance and future-proof technologies1at a variety of price points. The Radeon RX 480 delivers premium VR capability at a stunning price of starting at just $199 for the 4GB edition. Set for launch and availability on June 29th, the Radeon™ RX 480 will deliver the world’s most affordable solution for premium PC VR experiences, delivering VR capability common in $500 GPUs. “VR is the most eagerly anticipated development in immersive computing ever, and is the realization of AMD’s Cinema 2.0 vision that predicted the convergence of immersive experiences and interactivity back in 2008,” said Raja Koduri, senior vice president and chief architect, Radeon Technologies Group, AMD. “As we look to fully connect and immerse humanity through VR, cost remains the daylight between VR being only for the select few, and universal access for everyone. The Radeon™ RX Series is a disruptive technology that adds rocket fuel to the VR inflection point, turning it into a technology with transformational relevance to consumers.” In a notable market survey, price was a leading barrier to adoption of VR.2The $199 starting SEP for select Radeon RX Series GPUs is an integral part of AMD’s strategy to dramatically accelerate VR adoption and unleash the VR software ecosystem. AMD expects that its aggressive pricing will jumpstart the growth of the PC VR TAM and accelerate the rate at which VR headsets drop in price: More affordable VR-ready desktops and notebooks:AMD expects that affordable PC VR enabled by Polaris architecture-based graphics cards will drive a wide range of VR-ready desktops and notebooks, providing a catalyst for the expansion of the addressable market to an estimated 100 million consumers over the next 10 years.4 Making VR accessible to consumers in retail:Thus far, retail has not been a viable channel for VR sales as average system costs exceeding $9993have precluded VR-ready PCs from seeing substantial shelf space. The Radeon™ RX Series graphics cards will enable OEMs to build ideally priced VR-ready desktops and notebooks well suited for the retail PC market. Unleashing VR developers on a larger audience:Adoption of PC VR technologies by mainstream consumers is expected to spur further developer interest across the ecosystem, unleashing new VR applications in education, entertainment, and productivity as developers seek to capitalize on the growing popularity of the medium. Reducing the cost of entry to VR:AMD expects that affordable PC VR enabled by Polaris architecture-based graphics cards will dramatically accelerate the pace of the VR ecosystem, driving greater consumer adoption, further developer interest, and increased production of HMDs, ultimately resulting in a lower cost of entry as prices throughout the VR ecosystem decrease over time. “The Radeon™ RX series efficiency is driven by major architectural improvements and the industry’s first 14nm FinFET process technology for discrete GPUs, and could mark an important inflection point in the growth of virtual reality,” said Patrick Moorhead, principal analyst, Moor Insights & Strategy. “By lowering the cost of ownership and increasing the VR TAM, Radeon RX Series has the potential to propel VR-ready systems into retail in higher volumes, drive new levels of VR content investment, and even drive down the cost of VR headsets.” “We congratulate AMD for bringing a premium VR ready GPU to market at a $199 price point,” said Dan O’Brien, vice president of virtual reality, HTC. “This shows how partners like AMD survey the entire VR ecosystem to bring an innovative Radeon RX Series product to power high end VR systems like the HTC Vive, to the broadest range of consumers.” “We’ve seen an incredible range of immersive applications and game-changing experiences that have given millions of people around the world their first taste of virtual reality,” said Nate Mitchell, VP of Product, Oculus. AMD is going to help drive that adoption forward even more by bringing their high-end VR GPUs to the $199 price point.” The Radeon™ RX Series launch represents the first salvo in AMD’s new “Water Drop” strategy aimed at releasing new graphics architectures in high volume segments first to support continued market share growth for Radeon™ GPUs. In May 2016, Mercury Research reported that AMD gained 3.2% market share in discrete GPUs in Q1 20165. The Radeon™ RX Series will address a substantial opportunity in PC gaming: more than 13.8 million PC gamers who spend $100-300 to upgrade their graphics cards, and 84% of competitive and AAA PC gamers6. With Polaris architecture-based Radeon™ RX Series graphics cards, AMD intends to redefine the gaming experience in its class, introducing dramatically improved performance and efficiency, support for compelling VR experiences, and incredible features never before possible at these prices. For more information on Polaris architecture-based Radeon™ RX Series graphics cards availability later this month, stay tuned to the AMD newsroom and associated social media channels.
$200 for VR performance? That means it needs to be at least around 970 level of performance, but maybe a little better since this is new tech.
There is a ton of news out there since the press conference and watching the webcast it was about VR, PC-Gaming, and of course the new Polaris at $199. To put VR in the PC market is available now. The upcoming ZEN CPU will be available soon that is the next big thing. Hats off to Lisa Su and the rest of the AMD team for delivering the goods. With a possible market meltdown AMD is trading slightly down. With all they have on the table I could see a upgrade in the near term
Agreed on that and being oversold and a market meltdown added to that scenario. Even though I don't like seeing it go down I think it may be good for the next leg up
So far the LOD @4.38 has had strong support regardless of how much the markets have been down. Once every thing sinks in from the press conference I think the institutions will drive the price back up. Gotta run will try to find Wifi in a few hours...TTT
I am on the road and don't have all my tools but it looks like support has moved up to 4.45 with strong resistance at 4.47
Here is my take from the webcast and today's trading. Like I said in a previous post it was about VR, PC-Gaming, the new Polaris 480 at $199. To put VR in the PC market now and the upcoming ZEN CPU. I am not a techie person even though I used to build my own towers using the the AMD CPU (many years ago) I could see nothing negative on that end but what was most important to me is that they will be picking up more market share and that profitability was predicted in the second half by Lisa Su Profitability and increased market share = Higher PPS From the technical;s: AMD was very overbought and it was easy for the shorts to push the price down. I could see maybe one or two more pushes before we see a bounce. The shorts are already using websites like "Seeking Alpha" to put the facts out of context. This is a common practice in the world of trading. I like to use a 3 month chart for short term moves and it is a little more difficult with the big gap up. But here we go as AMD is past the bullish pennant. I have support at about 4.27 where support crosses the channel. I am not saying it is going to hit support but if it does it would not be a bad entry point on a 2 tier buy. Remember even with the drop today, AMD is still overbought and the shorts will keep pushing until the buyers come in.
Day 2 of the sell on the news scenario on heavy volume. There was some recovery from the LOD of 4.09. I still can't find any negatives only a projected increased market share and a return to profitability coming later in the year. If the shorts pursue there push I suggest looking at the Jan 20th 5.50 calls for a buying op. I went to buy them today and realized I already owned them with a much lower price...LOL...To buy the shares I would be looking at the RSI to hit 50 as that seems like a good bounce point. This is of course if the price continues the decline tomorrow. Technical Selling Causes AMD to Retreat Although Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su expects the company to be profitable on an operating basis for the second half of 2016, shares of the company are nevertheless down by 7.22% today as traders take profit on the stock run-up. AMD shares have more than doubled from their February lows, and shares might need to consolidate a bit before the stock can find a stronger technical footing. Billionaire Jim Simons’ Renaissance Technologies owned almost 800,000 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) at the end of March. http://www.insidermonkey.com/blog/why-amd-hovnanian-and-three-other-stocks-are-down-today-457437/
Got in today, but should have set my limit order lower I guess, as I entered at $4.31 and the LOD was $4.07. I'm still confident it will make me money within the next few weeks.
It's a struggle in the trenches this morning. The shorts have the edge with the markets melting down but AMD is off the bottom and trading near the HOD. I see big trades going both ways.
Buyers starting to trickle in as AMD is trading at new HOD. Possibly the shorts may not want to hold over the week-end.
On a daily chart, hopefully a doji means that the downtrend could be nearing an end and we see the reversal next week.
