Apr 20, 2017 08:25 PM EDT
AMD Vega is one of the most anticipated GPU that is rumored to be launched next month. While there is lots of hype regarding the upcoming AMD Radeon RX Vega, shares of AMD are also speculated to gain good on AMD Vega Launch.
According to Investor Place, shares of Sunnyvale, California-based Advanced Micro Devices (AMD) have not still recovered from the Goldman Sachs downgrade which tanked AMD stock in the first week of April. AMD stocks are still down more than 12.5 percent this April. However, the recent launch of mid-market AMD Ryzen 5 CPUs that had received overall positive reviews also did little to bounce back AMD stock. Not it is believed that AMD Radeon RX Vega launch can boost the AMD shares.
According to Amigo Bulls, stocks of AMD seem to be fixed in a bearish sentiment and it might require some near-term catalysts to put AMD stock back on an upward route. Apart from the earnings, AMD Radeon RX Vega GPU launch is a near-term catalyst that could majorly boost AMD stock in a big way.
There was some inflow of positive news recently for the GPU market which bodes well for AMD Radeon RX Vega GPU launch. AMD stock mounted up almost 4 percent in April 17th trade on positive comments from a research firm on GPU market outlook. So Company is likely to gain well with AMD Radeon RX Vega launch, which is just around the corner.
AMD Radeon RX Vega GPU is expected to be launched sometime in May. According to PC World, the recently launched AMD Vega RX 500 cards on an average offer 2X more performance than the lower level cards at competitive prices.
The MScience analyst is highly hopeful about the latest AMD Radeon RX Vega GPU refresh and has placed his odds highly in favor of Sunnyvale, California-based with AMD Radeon RX Vega GPU launch also lined up. If Bachman's research proves to be true then AMD could really make some significant gains in the mainstream segment before taking on NVIDIA in the high end of the market with AMD Vega.
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