Singapore markets closed
  • Straits Times Index

    -79.29 (-2.54%)
  • S&P 500

    +60.65 (+1.32%)
  • Dow

    +236.60 (+0.68%)
  • Nasdaq

    +291.18 (+1.88%)

    +737.70 (+1.29%)
  • CMC Crypto 200

    +36.59 (+2.56%)
  • FTSE 100

    -66.71 (-0.94%)
  • Gold

    +9.60 (+0.54%)
  • Crude Oil

    -1.96 (-2.80%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • Nikkei

    -462.16 (-1.63%)
  • Hang Seng

    -376.98 (-1.58%)
  • FTSE Bursa Malaysia

    +3.41 (+0.23%)
  • Jakarta Composite Index

    -74.36 (-1.13%)
  • PSE Index

    -77.56 (-1.07%)

AMD's New Radeon Pro VII GPUs Enhance Workstation Experience

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·4-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Advanced Micro Devices, Inc. AMD recently unveiled Radeon Pro VII graphics card, which is designed to meet the needs of visual designers and engineers.

The graphics card has enhanced performance capabilities that are designed to handle complex media and broadcasting projects, development of high-performance computing (HPC) applications and computer aided engineering (CAE) simulations.

The Radeon Pro VII model features 16GB of high-speed HBM2 (High Bandwidth Memory) and can support 6x synchronized displays and high-bandwidth PCIe 4.0 interconnect technology.

These robust features are expected to drive adoption of the new Radeon Pro VII in the market, which will boost AMD’s revenues in the quarters ahead.

Notably, shares of AMD have returned 13.8% in the year-to-date period against the industry’s decline of 6.1%.

Advanced Micro Devices Inc Price and Consensus

Advanced Micro Devices Inc Price and Consensus
Advanced Micro Devices Inc Price and Consensus

Advanced Micro Devices Inc price-consensus-chart | Advanced Micro Devices Inc Quote

Robust Capabilities and Product Enhancements

The Radeon Pro VII card has up to 6.5 TFLOPS (FP64) of double precision performance. Radeon Pro VII is also the first workstation graphics card to feature AMD Infinity Fabric Link technology.

Infinity Fabric Link enables GPU-to-GPU communications in multi-GPU system configurations to accelerate application data throughput. Moreover,  the graphics card boasts up to 5.25x PCIe 3.0 x16 of bandwidth with a communication speed of up to 168 GB/s peer-to-peer between GPUs.

The AMD Radeon Pro VII model is priced at $1,899 and is expected to be available from mid-June.

The company also released the Radeon Pro Software for Enterprise 20.Q2 driver, which offers 14% year-over-year performance improvement over current-gen Radeon Pro Cards.

AMD also released updates for its rendering engine — AMD Radeon ProRender — which adds new plugins for SideFX Houdini and Unreal Engine as well as updated plug-ins for Autodesk Maya and Blender. The plug-ins will allow the graphics applications to make use of AMD’s enhanced rendering technology.
Solid Momentum of AMD Pro GPUs Holds Promise

AMD’s growing portfolio of AMD Pro graphics cards bodes well as the company is witnessing robust traction for the same.

Notably, the company’s Pro series GPUs have enjoyed strong popularity among the industry’s top workstation OEMs like Dell and HP. These companies feature AMD Pro graphics cards in most of their mobile and desktop workstations.

Moreover, the company’s Radeon Pro 5300M and 5500M mobile GPUs features in Apple’s AAPL entry level MacBook Pro 16 series. Additionally, the company’s 2019 MacBook Pro’s can now be upgraded with Radeon Pro W5700X GPUs.

Further, the AMD Radeon Pro MxGPU (multiuser GPU) is used by Amazon’s AMZN cloud computing division Amazon Web Service (AWS) to power its graphics design instance type on Amazon AppStream 2.0.

The growing clout of Radeon Pro GPUs bode well for AMD. This is likely to drive the company’s top-line in the upcoming days. Moreover, this trend is likely to continue, driven by rapid growth in the global workstations market that is expected to witness a CAGR of 9.8% by 2023 per MarketWatch data.

Stiff Competition Amid COVID-19 Likely to Dampen Growth

Although AMD’s strengthening Radeon Pro portfolio holds promise, intense competition from NVIDIA NVDA in the professional GPU market is a concern.

Notably, NVIDIA’s Quadro series GPUs with RTX technology feature real-time ray tracing, advanced shading, and AI-enhanced tools. These GPUs have witnessed solid traction among mobile workstation OEMs like Acer, ASUS and Lenovo. NVIDIA Quadro GPUs have also powered the visuals for every nominee for Best Visual Effects at the 92nd annual Academy Awards.

Further, growing uncertainty in the market due to the coronavirus pandemic could become an impediment to AMD’s growth. Also, increasing expenses on product development are expected to keep margins under pressure.

Zacks Rank

AMD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.
Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting