The Zacks Analyst Blog Highlights: Advanced Micro Devices, Sony, Microsoft,
Nvidia and Intel
CHICAGO, May 10, 2013
CHICAGO, May 10, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Advanced Micro Devices Inc.
(NYSE:AMD), Sony Corp (NYSE:SNE), Microsoft Corp. (Nasdaq:MSFT), Nvidia
(Nasdaq:NVDA) and Intel (Nasdaq:INTC).
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Here are highlights from Thursday's Analyst Blog:
AMD's New Memory Series for Gamers
In a bid to focus on the growing popularity of gaming devices, Advanced Micro
Devices Inc. (NYSE:AMD) recently launched its new Gamer Series Memory, AMD
Radeon™ RG2133 and Radeon™ RAMDisk 4.1.
The newly introduced Radeon RG2133 Gamer Series Memory is ideal for users who
need superior performance for gaming. The new XMP and AMP technologies,
increased memory, less power consumption as well as lifetime manufacturer's
warranty will enhance product performance.
Recently, AMD's processors have made great headway at gaming console makers
and will be used in Sony Corp's (NYSE:SNE) PlayStation 4, likely to be
released during the Christmas holidays. Additionally, AMD's processor will be
used in Microsoft Corp.'s (Nasdaq:MSFT) new Xbox video game console, expected
to be launched later this year.
Gaming has become a focus area for AMD now. Both the next generation consoles
will feature AMD accelerated processing units (APUs), which will boost the
company's business. We believe that these wins have positioned AMD at the
center of the console gaming industry and will lessen the company's dependence
on the declining personal computer market. It will possibly help the company
to regain some of the lost market share from rivals Nvidia (Nasdaq:NVDA) and
A study conducted by DFC Intelligence suggests that the global gaming market
will increase from $67.0 billion in 2012 to $82.0 billion in 2017. Further,
IDC estimates that there will be 257 million active consoles worldwide by
2015. These estimates suggest that there are opportunities for companies like
AMD to increase their stakes.
The gaming hardware market is currently reeling under competitive pressure
from emerging social network sites and competing hardware platforms such as
smartphones and tablets. But we expect the hardware sales to increase now
because of the upcoming new consoles. Since AMD is designed into all the major
platforms it should see good growth from the segment.
AMD delivered decent first quarter 2013 results. The company's Computing
Solutions were down sequentially but the Graphics business did well in the
last quarter due to accelerating desktop GPU channel sales, game console
royalty sales and workstation graphic sales.
Although the decline in PC demand may affect results in the upcoming quarter,
increased game console wins, adoption of new products, new offerings and good
execution from the company can help win new customers.
Currently, AMD holds a Zacks Rank #3 (Hold).
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