AMD Stocks Cross The $5 Mark, 2x That of Previous Year
AMD stocks continue to rise since the release of their 2016 first quarter report and now AMD stocks have passed the $5 mark. This is twice that of the previous year.
The anticipation behind the amount of business AMD is going to do this year is great. In a previous article we covered the prediction of the AMD Polaris effects on the AMD stocks and it seems that those predictions are coming true.
The 3 new SoCs that will most likely be used in upcoming generations of consoles as well as a $293 million deal with a Chinese company have allowed the AMD stocks to reach an new high. Combining that with the company’s new target market, the budget gamer and the company’s direction of providing the masses with VR and premium gaming experience.
AMD has made a couple of amazing announcement these past few weeks and there is no surprise that due to the sheer anticipation the AMD stocks have crossed the $5 mark.
If all things go as planned AMD will be leaving a mark on the GPU market and next year the CPU market as well when the AMD Zen processors finally role out.
With three new budget oriented GPUs hitting the market soon, The RX 480, RX 470 and RX 460 it just seemed obvious that the AMD stock would rise. It has been a long time since a GPU maker has made these kind of claims and there are benchmarks to back those claims. AMD stocks would never rise if not now.
Team red has been the underdog for a while now and it seems fitting that they are getting the attention that they deserve now. If it was not for companies like AMD, Nvidia would be selling GPUs at whatever price they fancied. Thank you AMD for your great series of products and features.