You can fire this up on your laptop and access the same features for mobile devices. In addition, AMD now has a Windows App for AMD Link. New now, is also support for Windows PCs running Windows 10. AMD Link is supported on smartphones and tablets running iOS 12.0 and above or Android 7.0 and above. There are also new features like 144FPS streaming and higher bandwidth options. AMD claims that it has seen up to 60% better performance with the updates they have made to AMD Link versus the previous version. You generate a link code, send it to him or her, and it will connect your PCs so you can play games together.ĪMD Link is also now faster at streaming and has lower latency. AMD Link Game allows your friends to connect to your PC from their Radeon-based systems and act as a second controller in any game you have installed that supports local multiplayer gaming. You can even connect and play with a friend. This is the part of the software that allows you to stream games to a phone, tablet, or TV. One of the big features AMD is promoting in this driver is AMD Link 4.0. In after-hours trading, AMD stock rallied 4.31% to $122.67, according to Benzinga Pro data.Now we come to what is new in the Adrenalin 21.4.1 driver. The average analysts' price target, based on data compiled by TipRanks, is $136.36, suggesting roughly 19% upside from current levels. The Invesco QQQ Trust QQQ has a year-to-date gain of 44.2%. AMD is up about 81.6% so far this year compared to the 54.3% advance by the iShares Semiconductor ETF SOXX. She expects Gaming and Embedded segment to see declines.ĪMD Stock: The chipmaker's stock has run higher this year, in line with the positive sentiment seen toward tech stocks. “Longer term, we see no reason why AMD can't capture 10%-20% share of the inferencing market, which could mean multi-billion dollar revenues with accretive margins,” Pajjuri said.ĬFO Jean Hu said third-quarter Data Center and Client segment revenues will likely grow by a double-digit percentage sequentially, thanks to strong demand for EPYC and Ryzen processors. He expects it to be used for internal inferencing workloads at hyperscalers. The analyst also expressed optimism regarding AMD's generative AI GPU MI300X launch in the fourth quarter. Revenue is estimated at $5.82 billion, down 6% year-over-year. Business SegmentsĪMD Looks Ahead: AMD forecast third-quarter revenue of $5.7 billion, plus or minus $300 million, and a non-GAAP gross margin of about 51%.įor the running quarter, the Street models non-GAAP EPS of 66 cents, almost flat with the year ago's 67 cents. The Embedded segment’s revenue increased both sequentially and year-over-year.ĪMD had guided to sequential growth both for its Data Center and Embedded segments, while it expected modest declines in Gaming and Client segments. How AMD’s Business Segments Fared: Revenue from Data Center, which comprise GPUs and CPUs for servers and data processing units and SoC products for data centers, improved sequentially. The metric, however, contracted from the year-ago quarter’s 54%.Ĭommenting on the results, CEO Lisa Su said: “We delivered strong results in the second quarter as fourth-gen EPYC and Ryzen 7000 processors ramped significantly.” The company also guided above the consensus.ĪMD’s non-GAAP gross margin came in at 50%, flat with the previous quarter and in line with the guidance. INTC reported last week with an unexpected profit and better-than-expected revenue. Rosenblatt’s Hans Mosesmann was bracing for an in-line quarter. The Street had modeled sales of $4.81 billion and the company previously guided to revenue of $5.3 billion plus or minus $300 million. The Santa Clara, California-based company’s revenue fell 17.56% year-over-year but rose 0.94% sequentially to $5.36 billion. The bottom-line number was down 44.76% from the year-ago quarter’s $1.05 per share and 3.33% lower than the first quarter’s 60 cents per share. The company noted strong demand for its server and PC processors and hinted at a strong AI revenue pipeline when its AI-specific chip launches in the fourth quarter.ĪMD’s Q2 Headline Numbers: For the second quarter that ended June 30, 2023, AMD reported non-GAAP earnings per share of 58 cents, ahead of the consensus estimate of 52 cents per share. AMD reported second-quarter results Tuesday that exceeded estimates, as its business segments - with the exception of gaming - reported sequential revenue growth.
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