AMD Launches Radeon RX 9060 XT and AI PRO R9700 GPUs to Target Gaming and AI Markets

AMD Launches Radeon RX 9060 XT and Radeon AI PRO R9700 GPUs for Gaming and AI Workloads

Advanced Micro Devices, Inc. (NASDAQ: AMD) is expanding its footprint in gaming, content creation, and AI development with two new graphics cards. On May 20, AMD introduced the Radeon RX 9060 XT and Radeon AI PRO R9700, GPUs built to handle demanding tasks in both gaming and professional environments.

These new graphics cards incorporate RDNA 4 AI technology, offering enhanced performance for workstations and gaming setups. Alongside these GPUs, AMD's Ryzen Threadripper 9000 Series continues to set high standards for desktop and professional workstation processing power. The latest releases emphasize AMD’s commitment to providing efficient, high-performance hardware for creators, gamers, and developers.

Strategic AI Partnership and Market Position

AMD recently announced a significant $10 billion investment collaboration with Saudi Arabia’s AI company Humain. This deal involves supplying GPUs for AI applications and CPUs optimized for AI server workloads. It highlights AMD’s competitive position against other industry leaders like Nvidia in the high-performance GPU market.

Market Outlook and Analyst Perspective

Stifel analysts have given AMD a Buy rating with a $132 price target, recognizing the company’s push in AI infrastructure and plans to sell ZT Systems' manufacturing operations to focus on expanding AI technologies. While AMD shows strong potential, some investors believe other AI stocks might offer higher returns with reduced downside risk.

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