Will Low Power Processors Help Advanced Micro Devices, Inc (NYSE:AMD)
Advanced Micro Devices, Inc (NYSE:AMD) faces tough competition against rivals like Intel. The company had launched its Temash and Kabini low-power processors and there were a large number of market watchers who felt that that these would be the weather-changers for the company. Though Intel has a very high-end PC back-head, Advanced Micro Devices, Inc (NYSE:AMD) new processors were not meant to be a direct competition at this, the intention definitely was to target the vast mid range personal computer market.
It now seems like these highly-touted products will not be able to do much to alter any competitive edge that Intel had over Advanced Micro Devices, Inc (NYSE:AMD) in the tablets and PC space. The one area that the company has had a much better performance is the small-core segment and several years ago the ‘Bobcat’ processor that had been launched by the company, had a much superior design in comparison to the Atom, which was Intel’s low- power processor.
In Thursday’s trading, Advanced Micro Devices, Inc (NYSE:AMD) rose by 3.84%. The opening price of the shares was $3.72, which climbed to an intraday high of $3.80 and dipped to a close of $3.79. Approximately 24.02 million shares were traded on Thursday while an average volume of 26.35 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 $2.73 billion.
About the company
Advanced Micro Devices, Inc (NYSE:AMD) is a global semi-conductor company that has facilities around the globe. It offers X-86 micro-processors. These could be offered either a standalone devices or be incorporated as APU’s. These are used in the consumer and commercial markets, embedded-microprocessors for commercial, commercial-client and consumer-markets as well as in chipsets for mobile devices and desktops including mobile personal-computers, tablets, professional-workstations and graphics and servers.