Moving in the right direction. This is good for everyone.

Solid Black Numbers!

Excellent! Noteworthy also operating income Q1 2018 vs. Q1 2017: 120 M vs. 11 M -> operating income increased by more than tenfold. Also operating expenses were actually lowered versus previous year and previous quarter.

Good job Amd!

https://craigtowens.files.wordpress.com/2014/07/good-news.jpg

I just watched bloomberg, they showed and said 13.xx % ....1.x$ per share rise. edit: https://www.nasdaq.com/symbol/amd/interactive-chart basically, their stock is worth less now then it was in Jan 2017.

Just in time for them to shit the bed by not releasing a competitive gaming GPU in 2018 hahaha. Of course I'm just being cynical as I love that AMD is making a come back. Where's the Vega/Navi though? We have new monitors and TV's with Freesync 2 and no horsepower to drive them. #sadness

omni_gamer:

Just in time for them to crap the bed by not releasing a competitive gaming GPU in 2018 hahaha. Of course I'm just being cynical as I love that AMD is making a come back. Where's the Vega/Navi though? We have new monitors and TV's with Freesync 2 and no horsepower to drive them. #sadness

There is little point to releasing a GPU currently with no new process node in mass production. You could bring some minor architectural changes, perhaps some frequency bumps and whatnot with 12nm (improved 16/14nm processes) but if you ship an entire product lineup, only to have a competitor wait a few more months and ship on 7nm - you're screwed. Both companies are most likely waiting for 7nm to hit a point where manufacturing smaller dies (sub 400mm2) makes sense economically, which should be towards the end of this year Q3/Q4. At least that's my take on why they'd be waiting. Nvidia might have a slight advantage with TSMC through, which seems to be slightly ahead of the game on 7nm. Supposedly mass production on TSMC is starting soon - we so Nvidia might launch new cards earlier in the year.

gx-x:

I just watched bloomberg, they showed and said 13.xx % ....1.x$ per share rise. edit: https://www.nasdaq.com/symbol/amd/interactive-chart basically, their stock is worth less now then it was in Jan 2017.

2017 was a major hype year for AMD, where investors hyped up the company to unrealistic levels. In 2018, investors are a lot more realistic and reasonable regarding AMD's valuation. As an investor myself, I'm pretty happy with the results. Summit Ridge helped launch them into profitability, and the Pinnacle Ridge launch was well-received as well (expecting good things in the next quarter). Of course things aren't as rosy on the GPU front, but the company itself is headed in the right direction (they also increased their R&D spending so hopefully good things will come).

gx-x:

I just watched bloomberg, they showed and said 13.xx % ....1.x$ per share rise. edit: https://www.nasdaq.com/symbol/amd/interactive-chart basically, their stock is worth less now then it was in Jan 2017.

That's the problem: prior to Ryzen launch there was so much hype and hope. It was at 14.90 prior to Ryzen launch day back in March 2017. Right now, even up $1.25 or 13% today, it is still down $4 or 27% since Ryzen launch. While initial Ryzen reception was disappointment or short of expectation, I think it is stabilizing now and showing a gentle upwards trend. Reality has set in - they didn't revolutionize or drop a bomb on Intel but provided a decent value competitor to stabilize the marketplace. This is good for everyone, probably even Intel as Intel will be pushed to release more exciting products.

omni_gamer:

Of course I'm just being cynical as I love that AMD is making a come back. Where's the Vega/Navi though? We have new monitors and TV's with Freesync 2 and no horsepower to drive them. #sadness

In addition to what Denial said, there's not much point in releasing new GPUs while the crypto mining is still throwing everything out of whack. AMD (and Nvidia) might as well keep profiting off old hardware until the mining craze dies down.

schmidtbag:

In addition to what Denial said, there's not much point in releasing new GPUs while the crypto mining is still throwing everything out of whack. AMD (and Nvidia) might as well keep profiting off old hardware until the mining craze dies down.

I don't know if the stars aligned or if AMD saw this coming but the mining craze has been perfectly timed for AMD. They have a product in Vega that is ok for gaming but really good for mining. Hopefully Navi is not late and is much improved for gaming. Not that Vega is bad but its barely competitive to Nividas prior gen which normally you expect something that lands 18 months later to smoke the prior gen. I wish them the best of luck, I certainly have missed the competition.

SSD_PRO:

That's the problem: prior to Ryzen launch there was so much hype and hope. It was at 14.90 prior to Ryzen launch day back in March 2017. Right now, even up $1.25 or 13% today, it is still down $4 or 27% since Ryzen launch. While initial Ryzen reception was disappointment or short of expectation, I think it is stabilizing now and showing a gentle upwards trend. Reality has set in - they didn't revolutionize or drop a bomb on Intel but provided a decent value competitor to stabilize the marketplace. This is good for everyone, probably even Intel as Intel will be pushed to release more exciting products.

I would like to go on record that I never thought Zen was going to be the "bomb" as it was AMD's first step towards Zen 2 on 7nm, an actual high frequency process from GloFlo unlike nothing GloFlo has produced before. They got a good CPU design now when they move it over to 7nm is should be that preverbal "bomb". I could be wrong but I don't think so.

FAKE NEWS ;-) INTEL fanboys said AMD would be bankrupt and so did GOLDMANSACHS or whoever they are. Anywho all thanks to Lisa Su & Jim Keller. I made a few of my landscape customers rich. I remember them buying it at around $2-$3 a share and so did I but sold all when I was tight on money from a street bike accident.

D3M1G0D:

2017 was a major hype year for AMD, where investors hyped up the company to unrealistic levels. In 2018, investors are a lot more realistic and reasonable regarding AMD's valuation. As an investor myself, I'm pretty happy with the results. Summit Ridge helped launch them into profitability, and the Pinnacle Ridge launch was well-received as well (expecting good things in the next quarter). Of course things aren't as rosy on the GPU front, but the company itself is headed in the right direction (they also increased their R&D spending so hopefully good things will come).

I wish you luck. My point is that, no matter how much bigger the company is now in budget and funding, their shareholders don't much care for that if the shares are not reflecting the same increase. And they are not. That's stock market for ya...You need to take care of your shareholders if you wish for your company to increase in worth. What you are in for is a slow and steady pace of ups and downs with a slow upwards slope. You'll probably die (or AMD will) before you see any income generated. I would have sold the shares half a year ago when the price was in the 20s. Bought shares again 5 days ago 🙂

Thank you Hilbert for posting this article; it is really great news!

JamesSneed:

I don't know if the stars aligned or if AMD saw this coming but the mining craze has been perfectly timed for AMD. They have a product in Vega that is ok for gaming but really good for mining. Hopefully Navi is not late and is much improved for gaming. Not that Vega is bad but its barely competitive to Nividas prior gen which normally you expect something that lands 18 months later to smoke the prior gen. I wish them the best of luck, I certainly have missed the competition.

That would be true... If Vega was actually a design generation ahead of Pascal like you say.... but it's not. The Vega design was finished by early 2016, and was taped out on final silicon that summer on schedule to meet the originally planned end of year launch. (Yup, AMD had final production samples of Vega 10 silicon nearly an entire year before it would actually hit retail, with the reasons for this delay nothing like AMD's current 7nm test sampling, as GloFo's 14nm was plenty mature & unlike those 7nm parts, Vega 10 was being sampled to partners early that fall, not almost a year later). Well then, what happened you ask? One word. HBM2. From the start of Vega's design AMD went all in on HBM2 being the "next big thing" in VRAM, and with all the rumors at the time suggesting Pascal was going to adopt it nearly across the stack along with AMD's experience working with HBM on Fiji the decision made sense at the time. Oh how wrong they were... Nvidia ended up only using it on their massive non-consumer P100 chip, going with GDDR5/X Instead for all the rest. Aka huge market incentive for SK Hynix & Samsung to keep production #'s low, and costs high; especially with HBM2's mediocre yields in the beginning. This left AMD up shiz creek later that year when they had essentially finished silicon ready to go, but the only memory their chip could use still cost nearly as much as the chip and wasn't available in anywhere NEAR the quantities they needed. Thus with Vega's design long dead & done, HBM2 memory controllers and all, they had no choice but to wait for supply to improve & costs to come down if they wanted any hope of reaching a mass-market price. So they pushed launch back 6 months to the Zen launch early Spring.... And but of course March comes around and supply is still nowhere in sight and prices equally sky high. Again, they were faced with no other option but to delay the otherwise finished Vega again for another 6 months, but this would be breaking their "by Summer promise", and that's how we got the $1000 Frontier Edition. Hell, even by the time RX Vega did launch the math STILL didn't work, which is where all the +$100 vs stated MSRPs insanity came from & ofc supply was still trash. Only since other company's started investing in & producing HBM2 products like Intel & NEC have things started to look like what AMD expected in late 2016. TL;DR - Vega was the same design generation as Pascal in every sense of the word (aka when it was actually designed & assembled), and was originally supposed to beat the 1080 Ti to market, but we all know that didn't happen, and you can blame HBM2 for that.