Shares of AMD surged as high as 12% following after the announcement about upcoming chips that could take away market share from rival Intel.
Several new third-generation Ryzen PC chips will be released in July that will use the company’s “Zen 2” core technology. Apparently, one Ryzen chip could outperform a central processing unit (CPU) from Intel by more than 16%. However, Intel believes that the second-generation Intel Xeon Scalable processors have the potential to take the top spot.
This will be the first time that AMD has taken the desktop CPU lead process technology and performance lead from Intel in its 50-year history.
AMD confirmed it will release new Radeon RX 5700-series graphics processing units for gaming in July. The GPUs will use a new architecture, Radeon DNA, or rDNA. Apparently, a new Radeon card performed better than a card from rival Nvidia.
In the third quarter, new third-generation Epyc chips for servers that use the “Zen 2” core will follow.
Analysts have changed the rating to outperform for AMD and believe that the company has significantly improved in 2019 and will further improve the next year.