Lot Of Expectations From Advanced Micro Devices Inc (NYSE:AMD) Radeon

Posted by Kristi Scott October 30, 2013 0 Comment 1282 views

Last week, Advanced Micro Devices, Inc (NYSE:AMD) unveiled the Radeon R9 290X graphics card. It reported that this new graphics card is the topmost AMD Radeon R9 Series graphics-card. The GM and Corporate Vice-President of Advanced Micro Devices, Inc (NYSE:AMD)’s Graphics Business Unit, Matt Skynner said that the AMD Radeon R9 290X GPU is the pinnacle of the company’s new R9 Series graphics-cards. He said that it embodies the company’s leadership as the provider of the ultimate graphics-solution for outstanding gaming experience.

He said that it has a formidable mix of Graphics Core Next architecture, Mantle & AMD TrueAudio-technology which raises the bar for the breathtaking audio & graphics. It has powerful performance that gives enthusiasts an exceptional gaming experience.”

Tuesday’s trading

In Tuesday’s trading, Advanced Micro Devices, Inc (NYSE:AMD) rose by 0.30%. The opening price of the shares was $3.34, which climbed to an intraday high of $3.37 and dipped to a close of $3.33. Approximately 15.82 million shares were traded on Tuesday while an average volume of 37.98 million shares were traded over a 30 day period. The 52-week low of Advanced Micro Devices, Inc (NYSE:AMD) shares is $1.81 and its 52-week high is $4.65. The company has a market capitalization of $2.40 billion.

About the company

Advanced Micro Devices, Inc. (AMD) is an international semi-conductor company that has facilities across the globe. It offers x86-microprocessors. These could be standalone devices or they may be incorporated as an APU. They are used in the commercial & consumer markets. The company also manufactures embedded microprocessors that are sold in commercial, commercial-client & consumer markets & chipsets for desktop & mobile devices, such as mobile personal-computers, or PCs, & tablets, professional-workstations, servers & graphics. In addition the company also has video & multimedia products for mobile devices and desktop including mobile PCs & tablets amongst others.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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