Advanced Micro Devices, Inc. AMD’s new Radeon RX 5700 family of graphics cards show “meaningful improvement” over previous generation cards, though they’re more expensive than anticipated, said Morgan Stanley as AMD rolled out the cards at the E3 trade show.
AMD released more information on the “RDNA” family of cards, the $379 Navi-based Radeon RX 5700 and $449 5700 XT.
Moore said Morgan Stanley expects AMD’s graphics business to improve, and he’s becoming less cautious on the stock. Still, full-year 2018 estimates might continue to be be too high in graphics, he wrote in a note.
Moore said the cards are priced higher than expected – and higher than customers at the Computex2 show two weeks ago expected, leaving competitor Nvidia Corporation NVDA with a card that’s only slightly more expensive but with ray tracing features Moore said would get more support over the life of the card.
AMD shares were down 2.6 percent to $32.35 at time of publication Tuesday.
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