Advanced Micro Devices, Inc. Stock Will Head Higher Going Into Vega Preview

AMD confirms Radeon RX 500 series Vega preview at Capsaicin & Cream event. AMD stock could gain big from this ahead of Ryzen launch. 

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Shares of Sunnyvale, California-based Advanced Micro Devices Inc (Nasdaq:AMD), up 587% in the last 12 months, continue to climb higher, mostly on investor speculations. The speculation has largely been around the next set of products to be launched by AMD, Ryzen series CPU and Vega GPUs. As the official launch of Ryzen series CPUs on March 2nd is getting closer, things are getting much more spiced up with a series of latest leaks about the Ryzen CPUs. In one of our previous posts, we had covered why initial Ryzen leaks suggest AMD stock is set to skyrocket with the Ryzen series launch. It has all been speculation for AMD in 2016 but 2017 could be different. Continuing on the speculation front, Vega GPUs, to be launched in May later this year could be one more reason to buy AMD stock. Here's Why.

The Big Deal.

AMD Radeon RX 500 Series Vega GPU will be previewed at the company's Capsaicin & Cream event, part of the GDC 2017 on Feb 28th. With its latest 14nm graphics architecture Vega, AMD has made the most incremental step forward in the last 5 years in terms of architecture tweaking. The latest leaks and reports about Vega GPUs suggest this could be the fastest GPU that the chipmaker has ever built and would give NVIDIA's (Nasdaq:NVDA) GTX 1080 GPU a run for its money. AMD had disclosed a host of new details about the Polaris graphics architecture RX 400 series (unreleased then) during its last year Capsaicin event in March, a similar thing about Vega GPUs cannot be rolled out. With Vega GPU leaks already suggesting impressive results, the latest Vega sneak-peek could potentially drive AMD stock much higher.

recent Wccftech report states that "80% of AMD’s driver team is working right now on polishing Vega drivers". The reason behind this is that "the Radeon Technologies Group is devoting an extraordinary amount of attention and resources to making sure Vega drivers are on-point on day one. This is an effort, as explains, by the company to maintain the growing positive image it has created around its new software ecosystem." This effort really bodes well for AMD and this should result in rock solid stability and competitive performance from Vega GPUs on launch day. This is really a great news to AMD fans, in addition to already confirmed impressive Vega specifications.

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Disclosure: Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a ...

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