AMD stock dropped -5% on January 4, 2022, after a Lynx analyst said that he expects the stock to fall further after their CES presentation.
Lynx expects AMD to continue selling off after CES presentation
Lynx analyst KC Rajkumar noted that AMD shares are falling as the CEO’s presentation at CES 2022 is ongoing and he expects the stock to continue selling off after the company announced a rough timeline for launch of a 5nm client desktop with a focus on products launching in the first half of 2022 in high-end gaming PCs, not on commercial notebooks. What is missing is the timeline for launch of 5nm server processor code-names Genoa, said Rajkumar. “Investor expectations have been all over the place” and “it now appears the launch may be no earlier than late 2022” given no mention of Genoa at the presentation, added the analyst.
AMD Presents Latest High-Performance Computing Technologies in 2022 Product Premiere Livestream
On January 4, 2022, in its 2022 Product Premiere livestream, AMD (NASDAQ: AMD) announced new products that deliver leadership productivity, content creation, and gaming experiences. During the livestream, AMD President and CEO Dr. Lisa Su highlighted over 30 new AMD products, including:
- 20 new AMD Ryzen™ 6000 Series processors with the most powerful on-chip graphics available for notebook PCs1.
- Three new AMD Radeon™ RX 6000S Series GPUs optimized for thin-and-light gaming laptops.
- Five new AMD Radeon RX 6000M Series GPUs for premium gaming laptops.
- The new Radeon RX 6500 XT and Radeon RX 6400 desktop graphics cards for incredible 1080p gaming.
- Updated AMD smart technologies designed to boost performance and extend battery life on AMD Advantage™ laptops.
- The forthcoming AMD Software: Adrenalin Edition™ application featuring the new AMD Radeon Super Resolution (RSR) driver-based spatial upscaling technology.
- AMD expects over 200 new premium AMD-powered laptops for consumers, gamers and professionals to be available from leading PC providers in 2022, including over 20 new AMD Advantage laptops designed to deliver best-in-class gaming experiences on the go.
The livestream also introduced the Ryzen 7 5800X3D desktop processor, the industry’s first consumer PC processor to feature 3D-stacked chiplets to deliver a significant increase in gaming performance. Dr. Su also shared a preview of AMD’s upcoming Ryzen 7000 Series desktop processor planned to launch in the second half of 2022 based on the next-generation 5nm “Zen 4” CPU core and the new Socket AM5 platform, which features an LGA socket and includes support for PCI-Express® 5.0 and DDR5 memory.
“We are excited to start the year launching more than 30 new processors that push the envelope in high-performance computing for every segment of the PC market,” said Dr. Su. “Our newest Ryzen and Radeon processors significantly expand our leadership product offerings, bringing more performance, new features and differentiated experiences to gamers, creators and professionals. 2022 looks to be another exceptionally strong year for the PC industry and for AMD.”
Reinforcing its commitment to leadership in the notebook space, AMD announced the AMD Ryzen 6000 Series processors, built on the highly efficient 6nm “Zen 3+” core architecture, and including AMD RDNA™ 2 architecture-based integrated graphics to provide the fastest Ryzen mobile processor experience ever.
- Included in the new family of AMD Ryzen processors are the AMD Ryzen 6000 U-Series processors, optimized to provide the perfect blend of performance and efficiency in thin and light notebooks, and the Ryzen 6000 H-Series processors, the solution for gaming and creator laptops.
- With the Ryzen 6000 Series processors, AMD is ushering in an all-new connected laptop platform, including Wi-Fi™ 6E, Bluetooth® 5.2 with LE audio, PCI® Gen 4, and LPDDR5 memory.
- The world’s leading notebook OEMs, including ASUS, HP and Lenovo, will bring systems powered by AMD processors to market starting in February 2022, with 200 systems expected to launch by the end of this year.
Building on a momentous year in gaming for AMD, the company announced the latest updates across the AMD Radeon mobile and desktop product families.
- The expanded AMD Radeon RX 6000M mobile graphics lineup delivers epic gaming performance for next-gen premium laptops.
- The new AMD Radeon RX 6000S mobile graphics lineup is optimized to bring power-efficient, high-performance gaming to incredibly thin-and-light gaming laptops.
- For desktop PCs, AMD Radeon RX 6500 XT and Radeon RX 6400 graphics cards are designed to make incredible 1080p gaming experiences for popular AAA and esports titles accessible to more gamers.
The forthcoming version of the AMD Software: Adrenalin Edition application offers several new and enhanced capabilities, including AMD Radeon Super Resolution (RSR), a new driver-based upscaling technology that unleashes increased levels of performance with high-quality visuals in thousands of games.
AMD Advantage laptops are designed to deliver best-in-class gaming experiences, providing new levels of performance and responsiveness. AMD introduced a number of updates to the AMD smart technologies portfolio to bring faster gaming performance and longer battery life to AMD Advantage laptops, including AMD SmartShift Max technology, AMD SmartShift Eco technology and AMD Smart Access Graphics technology. The AMD Advantage framework will continue to expand in 2022 with new AMD Ryzen processors and AMD Radeon graphics solutions and more than 20 new laptop designs.
Showcasing the progress made within the desktop space, AMD revealed its 2022 enthusiast desktop roadmap.
The new Ryzen 7 5800X3D desktop processor, featuring AMD 3D V-Cache technology, provides the world’s fastest gaming experience and will be available for AMD’s Socket AM4 this spring.
AMD also provided the first look at the Ryzen™ 7000 Series processors, the next-gen “Zen 4” core based processors built on 5nm process node and new Socket AM5, which will deliver unparalleled processor leadership beginning in the second half of 2022.
Bullish Option Flow Detected In AMD Stock
Bullish option flow was detected in AMD stock on January 4, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
📺 AMD at CES 2022 in 10 minutes
📈 AMD Stock Technical Analysis
The long and short term trends are both positive. This is looking good. AMD is part of the Semiconductors & Semiconductor Equipment industry. There are 105 other stocks in this industry. AMD outperforms 77% of them. AMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AMD is lagging the market slightly.
There is a support zone ranging from 137.48 to 137.74. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame. There is also support at 133.79 from a horizontal line in the daily time frame.
There is a resistance zone ranging from 146.51 to 147.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AMD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign. Click here to sign up for email alerts on technical events that occur on the chart of AMD stock.