What's Going On With AMD Stock?
Portfolio Pulse from Adam Eckert
Advanced Micro Devices (AMD) announced new additions to its Kria portfolio and developer kits, including the Kria K24 System-on-Module (SOM) and KD240 Drives Starter Kit. The Kria K24 SOM is designed for powering electric drives and motor controllers used in digital signal processing applications. The KD240 Drives Starter Kit is a motor control-based development platform. The announcement comes a day after AMD announced the availability of its new EPYC 8004 series processors.
September 19, 2023 | 3:06 pm
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AMD announced new products in its Kria portfolio and developer kits, which could potentially increase its market share in the industrial and commercial applications sector. However, the stock price is currently trading lower.
The announcement of new products usually has a positive impact on a company's stock as it indicates potential growth. However, despite the announcement, AMD's stock is currently trading lower. This could be due to a variety of factors not mentioned in the article, such as overall market conditions or investor sentiment towards the tech sector.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100