What's Going On AMD Stock Monday
Portfolio Pulse from Anusuya Lahiri
AMD stock is trading lower amid reports of a drop in AMD Radeon RX 7600 GPU prices, now available for $249, a $20 discount from its original MSRP. The price drop may be due to Nvidia's upcoming RTX 4060 launch on June 29, as the RX 7600 lags behind the RTX 4060 in raytracing performance.
June 26, 2023 | 4:53 pm
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NEGATIVE IMPACT
AMD stock is trading lower due to a drop in Radeon RX 7600 GPU prices, which may be influenced by Nvidia's upcoming RTX 4060 launch.
The price drop in AMD's Radeon RX 7600 GPU may be due to competition from Nvidia's upcoming RTX 4060, which has better raytracing performance. This could negatively impact AMD's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia's upcoming RTX 4060 launch on June 29 may be influencing the drop in AMD Radeon RX 7600 GPU prices, as it outperforms the RX 7600 in raytracing.
The upcoming launch of Nvidia's RTX 4060, which has better raytracing performance than AMD's Radeon RX 7600, may be causing the price drop in AMD's GPU. This could positively impact Nvidia's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80