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AMD stock rises after best earnings in 7 years
- deleted 8y ago[deleted]
- Avshalom 8y agoI mean I'm happy for AMD but "company makes money: stocks go up" is pretty much dog-bites-man non news.
- wmf 8y agoThere's a narrative that Intel will keep AMD down no matter what, so it's good to see the market working and refuting that.
- ianai 8y agoYep this is indicative of future IT trends and current. Plus we should all be applauding any competent competition for Intel. Imagine where we’d be if AMD had been a more credible threat sooner. I bet Intel wouldn’t be able stagnate as much.
- hn_throwaway_99 8y agoCome on - the relationship between good earnings and stocks going up is not the news. The news is that AMD HAD unexpectedly good earnings in the first place.
- moscovium 8y agoIf you've been following AMD, good news hasn't always meant better prices with this (or any company). Last I remember this thing was bouncing from 11 to 12 consistently.
- SmellyGeekBoy 8y agoIt's a tech company and they made a lot more money than expected, hence it's here on HN.
- admyral 8y agoAMD should thank Nvidia for failing to produce enough cards to meet demand.
- jaas 8y agoWord is Nvidia overproduced and is sitting on a lot of current gen stock. Miners bought AMD because AMD cards are usually better at mining for the money. They started buying more Nvidia when AMD didn't make enough cards. In any case though, the success of Ryzen is the interesting thing, not the mining sales.
- eachro 8y agoHow is AMD doing in the GPU for deep learning business? Have they completely ceded that market to Nvidia?
- CostanzaKing 8y agoI believe CUDA severely hampers AMD's efforts in deep learning. AMD's primary focus is on Epyc building presence in data centers. They are aiming for 5-6% market share by end of 2018 and 15% by the end of 2019.
- alfalfasprout 8y agoFrankly, this is starting to become less of a hurdle in that pure CUDA code is now rarely written in the DL community (instead opting to call optimized libraries like CuDNN). The biggest issue is replicating all the good "core computing libraries" that NVIDIA offers: CUBLAS, NPP, CuDNN, Tensor-RT, etc. Frankly, if AMD can start putting this stuff together over the next 2-3 years it's usually not too bad to have deep learning frameworks leverage this stuff.
- deleted 8y ago[deleted]
- endorphone 8y agoIt is extraordinary how much AMD is faltering for deep learning, with most projects being built for only nvidia. Their ROCM/HCC thing is neat, but at this stage I would expect AMD to have large scale involvement with all major deep learning projects, ensuring that they fully leverage AMD GPU hardware. Instead it's just a couple of half-baked, half-ready sort of ports.
- dragontamer 8y agoHow is it extraordinary at all? AMD was literally going bankrupt like 2 years ago. They fired 30% of their staff and then reverse-mortgaged their headquarters. They bet their entire company on "Zen" and... luckily, it paid off. https://www.theverge.com/2012/10/12/3496006/amd-layoffs-10-percent-20-percent-30-percent-october-2012 https://www.theverge.com/2012/10/12/3496006/amd-layoffs-10-p... https://arstechnica.com/information-technology/2013/03/amd-sells-its-austin-hq-for-164-million-to-raise-some-quick-cash/ https://arstechnica.com/information-technology/2013/03/amd-s... AMD finally has money to actually invest into long-term projects. But AMD just didn't have the money to do so between 2012 and 2016. Unfortunately, it will take until 2020 before AMD puts something together. It just takes a long time to build software and hardware. But ROCm shows how AMD is beginning to accelerate, finally, into the GPGPU compute sector.
- SubiculumCode 8y agoI wanted a GPU to dabble in mining, machine learning, and games in my new Ryzen build. I went Nvidia becuase of CUDA. That is too bad. I'd have liked to buy the AMD gpu
- droidist2 8y agoI think you were right to stick with Nvidia. I have an AMD in my MacBook and it sucks that I can't use it for most deep learning stuff.
- nodesocket 8y agoArg, I sold out of my position in $AMD in January after growing impatient waiting for Ryzen profits to show up. That proved to be a mistake, should have held onto my guns and thesis. Perfect buy was on April 25th, up 75% since then.
- mtgx 8y agoNot a stock investor but AMD looks like a solid but for the next few years especially given the fact that Intel is in disarray and will be for a few more years. $100 amd shares by 2021 is not out of the question imo as I believe amd will reach at least 40 percent market share by then in the pc market and probably around 20-25 in servers.
- citilife 8y agoI bought AMD at $2.87 after someone on HN or Reddit (can't remember which) from AMD was discussing their new architecture and how it could be manufactured cheaper and was as performant. Thank god someone spilled the beans; also incentives me read HN all the time -_-
- nodesocket 8y agolol, insider trading? :-) Do have the original comment thread?
- KaoruAoiShiho 8y agoProbably not insider trading lol. AMD was extensively shilled on /r/wallstreetbets and /r/amd_stock for 2 years now.
- Phlarp 8y agoI'm not sure what else you expected from /r/amd_stock.
- KaoruAoiShiho 8y ago
- senatorobama 8y agoAnyone increased their NW substantially betting on AMD?
- aoeusnth1 8y agoYep, I gained low 6 figures so far
- senatorobama 8y agoEnjoying CGT? ;)
- rdlecler1 8y agoI bought a both NVIDIA and AMD in October 2016. NVIDA has been the star performer over that period.
- radium3d 8y agoAMD has been my best investment so far. I've always loved them as they've been the rebellious underdog and have brought competitively powerful CPUs into the affordable range for historically low income computer nerds such as myself multiple times. Bitcoin/crypto would have been my next best-- if only I hadn't had my bitcoins stolen from an early mining pool... oh well.
- sumedh 8y ago> Bitcoin/crypto would have been my next best You probably would have sold the bitcoins before it went crazy up.
- quickthrower2 8y agoIf you had any sense, you would have, ironically
- njarboe 8y agoAMD has historically not been a very good stock to invest in long term. For speculation it can be great as it has had many periods of high volatility (tried to this without much luck in the dotcom era). Check out its price history[1]. It was also worth $16 in 1980, and has not paid out dividends in decades. You should determine a time or price to sell (at least some shares) as it is likely to head back down to $2 eventually. Maybe this time will be different? https://finance.yahoo.com/quote/AMD?p=AMD&.tsrc=fin-srch-v1 https://finance.yahoo.com/quote/AMD?p=AMD&.tsrc=fin-srch-v1
- morrbo 8y agoI feel this time it really is different. Firstly, there were the anti-competitive practices by Intel (which saw them fined). There are a few other factors as well. The fact that these CPUs really are something special. As they manage to reach the same base clock speeds as Intel - or near enough - you're going to be getting up to 64 cores/128 threads (compared with 24/48 if you used Intel stuff) in a server for about half, or even less, of what the equivalent Intel CPUs would cost. Another big thing, i feel, these days is people are able to A. communicate this better, and B. call Intel on their bullshit. I've seen a LOT more hype, understanding, and word of mouth via forums etc. than around the 2000s when the stock was last high. Granted there is a bit of a hype at the moment around crypto currency, I genuinely can't see why anyone will be picking Intel over AMD in the future... and that's the crux of why I don't think the stocks going to crash. Now, Intel's CEO got fired, they also poached one of the top AMD engineers. But these guys move slowly. So i guess we will see.
- Teknoman117 8y ago"Epyc data-center graphics processing unit (GPU), which has been out for a year" Uh, do they mean vega GPUs or EPYC CPUs? That aside, the experience I've have had with the EPYC cpus has been awesome. They are truly amazing for the price tag.
- chadmeister 8y agoAnd they're about to drop their new 24 & 32-core threadripper CPUs in a few weeks, for which Intel has no economically viable response. AMD is going is going to crush their earning reports for the next few quarters.
- zaarn 8y agoWell, Intel does want to put out the 28 core i9 eventually. Hopefully with a free industrial chiller.
- mcny 8y agoThis is what I don’t understand. I thought all Intel has to do is to price its offerings cheaper to become competitive with AMD. They have the margins, don’t they? Or is it not possible to lower prices? From all I’ve read it feels like Intel dug itself into a hole with price segmentation but that means it can dig itself out by simply not being as greedy?
- zaarn 8y agoThis is speculation to some extend, but I don't think it'll be that easy. Intel does have margins on their products but at the same time, the products are still expensive. I fault their production method for that. I bet that even if they sold their CPUs at a loss, AMD could undercut them in the important market segments at minimum. AMD has struck gold with being able to, in Intel's words, glue together a bunch of desktop CPUs. Intel's biggest CPU, a 28 core, is a monolithic die. All in one go. Which means the yields are bad. AMD produces basically 1 die and glues together as needed. The yields here are much better due to the smaller die and being able to use basically any die that has functioning 2 cores. Intel doesn't have a response to that since if their 28 core die has 26 defect cores, they don't have a housing for it to sell in. Their segmentation also means that they don't have compatible sockets in size to even conceivable put the 28 core to use at all. IMO Intel will have to come up with a similarly modular response or reduce their production cost. Of course, Intel has a while, they can idle a few years on marketshare and mindshare before they run a risk of loosing the CPU business (and they sell other silicon too where AMD doesn't compete). So likely, they will be able to do it. Question then is how much marketshare AMD will have eaten by then. (Personally, I hope AMD will release server cpus for the lower market segment, building an Intel-based Server that doesn't have the suck is rather expensive and low-cost baremetal would be a delight for hobbyists and SMB)
- redtuesday 8y agoIf the rumor [0] that Intel's first 10nm server chip will only release mid 2020 is true, then AMD's shares will probably skyrocket again if they truly can release their Zen 2 server CPU mid 2019 (on 7nm which is comparable to Intel's 10nm). [0] https://twitter.com/david_schor/status/1022142835989118977 https://twitter.com/david_schor/status/1022142835989118977
- ksec 8y agoAnd they just announced in their conference call, Zen 2 Rome will be Fabbed with TSMC 7nm.
- amiga-workbench 8y agoVery pleased to see AMD doing well again, vigorous competition in this market is very much required.
- holtalanm 8y agoOh hell yeah. So glad to see this new competition from AMD. Looking at getting a Ryzen laptop for my next personal workstation. The benchmarks looks fantastic.