Advanced Micro Devices (AMD) is making inroads in the gaming industry with the rollout of the Radeon RX 7600 XT graphics card. With 16GB of high-speed GDDR6 memory, the new graphics card is geared towards next-generation AI and content creation workloads, further elevating AMD’s competitive positioning against NVIDIA.
Paired with AMD FidelityFX Super Resolution and AMD HYPR-RX featuring AMD Fluid Motion Frames, users can expect gaming and raytracing performance that outstrips the NVIDIA GeForce RTX 2060 by up to 1.9 times.
The Radeon RX 7600 XT graphics card is set to hit the market on Jan 24, 2024, through leading AMD board partners including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, and XFX.
Simultaneously, AMD is expanding its desktop portfolio with the launch of the new Ryzen 8000G series desktop processors for the AM5 platform. The Ryzen 7 8700G, boasting the world’s most powerful built-in graphics, features up to eight cores and 16 threads. Additionally, AMD is introducing Ryzen AI to unlock more AI for desktop consumers and is rolling out new Ryzen 5000 processors, including the Ryzen 7 5700X3D, leveraging potent 3D V-Cache technology.
AMD’s Expansive Growth
AMD’s growing product portfolio is driving its growth. The company recently unveiled the Ryzen 8040 series processor with Ryzen AI and Instinct MI300 Series data center AI accelerators. Moreover, AMD introduced the ROCm 6 open software stack with significant optimizations and new features that are conducive to supporting Large Language Models.
Furthermore, the latest Ryzen 8040 series mobile processors, in tandem with Ryzen AI NPU on-die, extend AMD’s dominance in AI-supported PC markets.
Systems incorporating Ryzen 8040 series processors will soon be available globally through leading original equipment manufacturers such as Acer, Asus, Dell Technologies, HP, Lenovo, and Razer, starting in 2024.
AMD’s footprint in the data center segment is also expanding with the introduction of the new Instinct MI300X accelerator. This high-performance accelerator incorporates CDNA 3 architecture and Zen 4 CPUs to deliver robust performance for HPC and AI workloads. Notably, partners including Microsoft, Oracle, and Dell have already integrated these accelerators into their systems.
Microsoft, for instance, has incorporated AMD’s Instinct accelerator portfolio into its new Azure ND MI300x v5 virtual machine series, optimized for AI workloads.
Expectations for fourth-quarter 2023 revenues point to vigorous year-over-year growth of 9% and a sequential increase of 5% at the mid-point. This anticipates double-digit percentage growth in the Data Center and Client segments — both year-over-year and sequentially. The Zacks Consensus Estimate for fourth-quarter 2023 revenues is pegged at $6.11 billion, indicating robust 9.2% year-over-year growth. The consensus estimate for earnings stands at 77 cents per share, reflecting a 11.59% year-over-year growth.
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