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SANTA CLARA, Calif. - Advanced Micro Devices, Inc. (NASDAQ: NASDAQ:AMD), trading at $99.51 and currently near its 52-week low, announced the release of its latest graphics cards, the Radeon RX 9070 XT and RX 9070, as part of the Radeon RX 9000 Series. These new offerings, based on the AMD RDNA 4 graphics architecture, feature 16GB of memory and enhancements aimed at providing high-quality gaming graphics. As a prominent player in the semiconductor industry with a market capitalization of $161 billion, AMD continues to innovate despite recent market volatility. InvestingPro analysis indicates the company maintains strong financial health with liquid assets exceeding short-term obligations.
The Radeon RX 9000 Series is designed to deliver improved gaming experiences, with third-generation raytracing technology for realistic lighting effects and second-generation AI accelerators that are claimed to be up to 8x more efficient than their predecessors. The cards also support advanced display options with the AMD Radiance Display Engine and Enhanced Media Engine. With revenue growth of 13.7% in the last twelve months and a healthy gross profit margin of 53%, AMD demonstrates strong operational execution in its core markets.
During a YouTube livestream, AMD executives discussed the performance and features of the new graphics cards. In a parallel event in Zhuhai, China, AMD’s SVP of the Client and Graphics Group, Jack Huynh, led a regional event to introduce the new products.
The Radeon RX 9070 Series promises significant performance gains over the previous generation, with the RX 9070 showing an average of over 20% more performance and the RX 9070 XT extending that lead to over 40% on average when gaming at 1440p resolution.
Key features of the new series include unified AMD RDNA 4 Compute Units, high-performance raytracing, supercharged AI acceleration, and compatibility with next-generation display technologies, including DisplayPort 2.1a and HDMI 2.1b. The cards also feature AMD FidelityFX Super Resolution Technology 4 (FSR 4), which uses machine learning to upscale images for better performance under demanding workloads.
The AMD Radeon RX 9070 XT is priced at $599 USD, while the RX 9070 is available at $549 USD. Both are expected to be available from leading board partners starting March 6th, 2025.
This announcement is based on a press release statement from AMD, and the claims made about the graphics cards’ performance and features have not been independently verified.
In other recent news, Advanced Micro Devices Inc. (AMD) disclosed the approval of annual cash performance bonuses for several top executives, including CEO Lisa T. Su, as part of its Executive Incentive Plan for fiscal year 2024. These bonuses, which will be paid out in March 2025, reflect the company’s performance in the previous fiscal year. AMD is reportedly in discussions with Asia-based companies to sell its data center manufacturing plants, valued between $3 billion and $4 billion, according to Bloomberg. Taiwanese firms such as Compal Electronics Inc. and Inventec Corp. have shown interest in these assets.
Additionally, Vultr, a global cloud infrastructure provider, has integrated AMD Instinct™ MI325X GPUs into its Chicago data center, enhancing AI processing capabilities. Benchmark analysts have maintained their Buy rating for AMD stock, citing the company’s robust market position and advancements in AI. Conversely, Daiwa Securities downgraded AMD from a Buy to an Outperform rating, lowering the price target from $170 to $130. The revised outlook reflects mixed developments, including strong revenue growth but slower-than-expected performance in the GPU business.
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