What simply occurred? AMD has confirmed that its new ‘fanatic class’ RDNA 3 graphics playing cards will hit the market in Q3, 2023. As a part of the corporate’s Q2 earnings name this week, CEO Lisa Su stated that the upcoming GPUs will develop the corporate’s Radeon 7000 GPU portfolio after the current launch of the mainstream RX 7600 fashions.
Previous to the RX 7600 launch, AMD additionally launched a few high-end RDNA 3 playing cards, together with the RX 7900 XTX and RX 7900 XT, each primarily based on the Navi 31 GPU. The corporate has additionally since unveiled a brand new Radeon RX 7900 GRE variant, though it is primarily aimed on the Chinese language market.
Whereas Su didn’t title the upcoming ‘fanatic class’ playing cards, on-line speculations counsel that they may embrace the RX 7800 XT and even the RX 7950 sequence. That stated, AMD has formally described the RX 7900 SKUs as ‘ultra-enthusiast’ class in its advertising and marketing supplies, which means the corporate may solely be referring to the RX 7800 sequence, together with the 7800 XT, when speaking in regards to the ‘fanatic’ class.
That chain of thought additionally tallies with earlier rumors that counsel the corporate will launch the RX 7800 and RX 7700 sequence playing cards earlier than the tip of this quarter. Studies additionally declare that a big built-up stock of the RX 6900/6800 could possibly be among the many fundamental causes for the delay in launching the aforementioned SKUs. An unspecified drawback with the deployment of Navi 32 may additionally reportedly have held again the arrival of the brand new fashions.
Alongside its instant product roadmap, AMD additionally shared some adverse monetary information at its newest earnings name. The corporate reported an 18 p.c year-on-year drop in its quarterly revenues and a $20 million working loss, even because the PC market confirmed indicators of a restoration after a number of quarters of precipitous fall. AMD’s Q2 revenues got here in at $5.36 billion, whereas its GAAP internet revenue stood at $27 million, down 93 p.c from the identical interval final 12 months.
Regardless of the decrease revenues and internet earnings, AMD’s inventory rose 5 p.c to $123.5 a share in after-hours buying and selling on Tuesday. In response to analysts, that is as a result of general bullishness in AI-related shares, which have seen a large surge in funding in current months. In case you are questioning, AMD is one such firm whose processors and GPUs are broadly used for AI coaching and neural community fashions, which explains why the corporate’s shares are a lot in demand amongst inventory market buyers regardless of the disappointing Q2 outcomes.