New Architecture a Potential Growth Driver for AMD (AMD)
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Price: $4.01 +1.26%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
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Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade AMD Now!
Advanced Micro Devices (NYSE: AMD) announced the formation of the Heterogeneous System Architecture, or HAS. HSA's goal is to establish a programming architecture so programmers and application developers could then write one set of instructions and have it work across all platforms. AMD, ARM Holdings plc, Texas Instruments (Nasdaq: TXN), Imagination Technologies, and MediaTek founded the architecture.
HSA is not seen as a short-term driver for AMD, but on a long-term horizon it could be a growth driver, according to analysts at Williams Financial‏.
"In our opinion, the HSA signals AMD's growing relationship with ARM and what may be a longer-term growth driver," stated a Williams analyst. "We will have to see how widely the HSA standards are adopted and how aggressively the members pursue its intentions, but the founding members bring considerable IP and the combination could eventually provide unique growth drivers."
Williams has a Buy rating on AMD.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.91 yesterday, with a 52 week range of $4.31-$8.35.
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HSA is not seen as a short-term driver for AMD, but on a long-term horizon it could be a growth driver, according to analysts at Williams Financial‏.
"In our opinion, the HSA signals AMD's growing relationship with ARM and what may be a longer-term growth driver," stated a Williams analyst. "We will have to see how widely the HSA standards are adopted and how aggressively the members pursue its intentions, but the founding members bring considerable IP and the combination could eventually provide unique growth drivers."
Williams has a Buy rating on AMD.
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.91 yesterday, with a 52 week range of $4.31-$8.35.
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