AMD has unveiled next-gen Ryzen mobile processors with increased performance for gamers and professional workloads, starting in Q1 2021. AMD expects 50% growth in laptop and PC processor shipments this year.
On Tuesday, processor manufacturer Advanced Micro Devices (AMD) unveiled the new Ryzen 5000 Series mobile processors based on the powerful “Zen 3” architecture.
Wedbush Securities analyst Matt Bryson affirmed his outperforming (worse than buy, but better than holding) rating for AMD and raised his target price from $ 100 to $ 110.
The analyst’s estimate is based on expectations that AMD’s fourth-quarter results will surpass market experts’ estimates, while maintaining strong sales of chips for personal computers and game consoles. AMD is due to release its quarterly financials on January 26th.
Despite these developments, AMD shares fell 1.95% on Tuesday.
AMD says the new Ryzen 5000 Series CPUs deliver the highest performance and incredible battery life “in their class” designed for notebook and desktop gamers and professional use.
According to a press release from AMD, “The new Ryzen 5000 Series Mobile processor-based laptops will be available from major PC makers including ASUS, HP and Lenovo starting in Q1 2021.”
AMD also announced the Ryzen PRO 5000 series processors for enterprise notebook PCs that perform complex technical tasks such as digital content creation and data analysis.
The Ryzen PRO 5000 series processors, ranging from 16 to 64 cores, also include advanced AMD PRO security technologies and are expected to hit store shelves in March 2021.
Speaking at the virtual CES 2021, AMD CEO Lisa Su said, “This year we expect the number of notebooks powered by next-gen Ryzen mobile processors to grow 50% over the Ryzen 4000 series. We expect to launch this year more than 150 ultra-thin, gaming and professional laptops based on the Ryzen 5000 Series. “
AMD and its largest customers expect strong demand for new PCs and laptops to increase in 2021, given the ongoing COVID-19 pandemic and strong trends towards remote work and learning.
AMD noted that nearly 300 million laptops, desktops and Chromebooks were sold using the company’s chips in 2020, the highest since 2014.
“We expect demand to be even higher in 2021 as the PC continues to play an increasing role in our daily lives,” Su said.
In a press release, manufacturers such as HP Inc., ASUS and Lenovo shared their expectations of high consumer demand.
During her speech on Tuesday, Su also highlighted AMD’s growing presence in the HPC market. It announced the third-generation Epyc server processors, codenamed Milan. New processors should appear towards the end of the current quarter.
In 2020, AMD was able to capitalize on rival Intel’s manufacturing crisis (INTC) to gain a portion of its market share in PC and data center processors. AMD also competes with Nvidia (NVDA) for GPUs, game consoles and data center chips.
AMD shares are up nearly 100% over the past year.