July 29 – Advanced Micro Devices (NASDAQ:AMD) shares climbed about 2% on Tuesday ahead of the launch of its high?end Ryzen Threadripper 9000 Series processors, due July 31, with a starting price of $1,499.
The new Threadripper line is engineered for workstations, excelling at tasks such as 3D rendering and artificial intelligence. Paired with AMD’s AI?optimized graphics cards, the offering delivers enterprises and content creators an end?to?end compute solution.
By supplying both central and graphics processors, AMD aims to set itself apart from Intel (NASDAQ:INTC), which focuses largely on CPUs, and Nvidia (NASDAQ:NVDA), known for GPUs. Market observers say the integrated approach could win larger corporate contracts, especially as demand for AI?ready hardware continues to climb.
Investors are also eyeing AMD’s fiscal second?quarter results, due after markets close on Aug. 5. Analysts forecast earnings per share of $0.48 on revenue of $7.41 billion. AMD has beaten EPS estimates in six of the past eight quarters and topped revenue projections in all eight.
This article first appeared on GuruFocus.