AMD Vega Fails To Boost Company Stocks; May Not Make It To Project Scorpio
The AMD Vega is one of the technology company's latest innovation. Together with the highly-touted Ryzen line of processors, it is a product that many are anticipating. However, despite the hype, it is doing nothing for AMD's shares as their stock dropped almost 9% in value on Thursday. This was due to a well-known Wall Street analyst who questioned the semiconductor company's ability to win against its stronger competitors.
Advanced Micro Devices investors received an unusual "sell" recommendation from Goldman Sachs analyst Toshiya Hari. According to him, the company's stocks could fall to as much as 20 percent. If that happens, then shares would cost only $11. Because of that prompting from Hari, many investors let go of their company shares. This happened despite the growing confidence with the company under CEO Lisa Su's guidance, especially since news of the AMD Vega and Ryzen broke.
This is a blow to the Sunnyvale, California-headquartered company since they are still struggling to regain their footing in both the central processing unit (CPU) and graphics processing unit (GPU) sectors. They lost their market shares to Intel and Nvidia, respectively, but they are rolling out new products thanks to Su's leadership. Their AMD Vega chip lines, aside from Ryzen, is being looked at to raise the company's value. However, at the moment, the yet-to-launch products are not doing anything to boost company stocks.
Furthermore, it is likely that neither AMD Vega nor Ryzen would make it to Microsoft's next Xbox. Dubbed Project Scorpio, its newly-released specifications revealed a Polaris GPU lying in its heart. This means that the Scorpio engine won't have any room for either AMD product.
Tech gurus who were given access to the Project Scorpio prototype said that Microsoft is managing to reach 4K capability on their latest tech even without AMD Vega or Ryzen. Instead, they are working with a customized AMD SoC that is made up of Polaris GPUs and Jaguar CPUs. The absence of AMD's tech inside Project Scorpio is likely due to Microsoft being unable to get their hands on them. But if either one makes it inside the next Xbox case, then AMD investors could gain more confidence with the company.
U.S. Auto Industry Crisis Looms; Blamed On Weak March Sales
The U.S. auto industry is falling into a slump and car dealers and analysts alike foretell a rather grim future.
YouTube Rolls Out Live TV App: Reach, Price And Restrictions
The YouTube Live TV app is now available to users is select areas for a recurring monthly fee.
Windows 10 User Data Gathering Raises Privacy Concerns
Microsoft has been getting flak over Windows 10 privacy issues, but now the company seeks to remedy the problems through the Creators Update.
Here Are The Games You Can Expect To Be Shown At The Xbox Series X Event
The Xbox Series X event will be happening on July 23, but what games will they show and talk about? An insider at Xbox has revealed possible titles that might be shown during the event.
Trademark Leak Shows That Rumors Stating A Fable Sequel Is In The Works Could Be True After All
A trademark application filed on June 26 has been uncovered for Fable. Does this mean a sequel is being worked on?
MORE IN ITECHPOST
Top Tech Companies That Began Life in a Basement
Many basement startups went on to achieve huge success, and we will look at some of the main ones in this article.
CEO Peter Beck’s Apology Has Elon Musk and Other Competitors Support After Launch Failure
After the failure of the 13th attempt to reach orbit with Electron, Rocket Labs CEO Peter Beck has given out a public apology on Twitter. This has led to competitors, which include Elon Musk, to offer their support.
Pokemon Go is Four: Earned $3.6 Billion to Celebrate!
Pokemon GO turns four this month and the game is stronger than ever. As Niantic hoped, the game has not lost its player base.