Market Overview

Advanced Micro Devices Establishes New 2017 High As New Ryzen Processors To Ship Next Week

Share:
Advanced Micro Devices Establishes New 2017 High As New Ryzen Processors To Ship Next Week
Related AMD
Bernstein Surveys The Semis Space After 'Processor-Gate'
Tech Sector Earnings Are Coming Up: What's Been Going On In Q4?
Wall Street Breakfast: Investors Ready For Fed-Filled Day (Seeking Alpha)
Related INTC
Earnings Preview: IBM to Report on Thursday, Strategic Imperatives in Focus
First Blockchain ETFs Debut: Here's What You Need To Know
Is Micron Technology The Cheapest Technology Stock? (Seeking Alpha)

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares appeared to ride higher Tuesday on reports its Ryzen 7 1800X could ship as early as March 2.

However, an AMD representative told Benzinga that the pointed release date was mere speculation. Drew Prairie confirmed the company’s previous assertion of a product release in “early March.”

Related Link: Nvidia Has Beat The Street In Every Quarter Since 2011; How Do Rivals Measure Up?

The device — an unlocked eight-core processor expected to rival the performance of more expensive products from Intel Corporation (NASDAQ: INTC) — is allegedly posted in online European markets and has already been seen at Fry’s Electronics in the United States.

AMD will lift its embargo on product reviews Feb. 28 — the same day as the company’s Capsaicin & Cream event at the 2017 Game Developers Conference. The coincidental overlap has some expecting a Ryzen debut at the event.

As of publication, AMD shares were trading up 6 percent on the day at a rate of $13.98.

Image Credit: By Kuba Bożanowski from Warsaw, Poland (AMD) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Posted-In: Drew PrairieNews Movers Tech Trading Ideas Best of Benzinga

 

Related Articles (INTC + AMD)

View Comments and Join the Discussion!