What's Going On With AMD Stock Friday?
Portfolio Pulse from Anusuya Lahiri
Advanced Micro Devices (AMD) is attracting investor attention as it prepares to launch its Radeon RX 7800 and RX 7700 series graphics cards. The company has also launched a new GPU, Navi 32, and has cut prices of Radeon RX 6750 XT, 6650 XT and 6600 to offload excess stock. AMD's stock traded lower by 1.26% at $100.60 on Friday.
August 25, 2023 | 4:04 pm
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NEUTRAL IMPACT
AMD's upcoming launch of new graphics cards and the introduction of a new GPU could potentially boost its market position. However, the company's stock traded lower, possibly due to the price cuts on older models.
The launch of new products usually generates excitement and can potentially boost a company's stock. However, the price cuts on older models might be seen as a negative sign, indicating excess inventory, which could be why the stock traded lower. The overall impact is neutral as the positive and negative factors balance each other out.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100