Advanced Micro Devices Inc (NASDAQ:AMD) Makes A Comeback

1253
Advanced Micro Devices Inc.

In the last trading session, the stock price of Advanced Micro Devices Inc (NASDAQ:AMD) gained more than 4% to close the day at $12.95. The gains came at a share volume of 44.23 million compared to average share volume of 54.73 million.

The buzz

More recently, Advanced Micro reported the appointment of Mr. Mike Rayfield as GM and SVP of AMD Radeon Technologies Group, and David Wang as SVP of engineering at RTG. Both will report to CEO and President Dr. Lisa Su. As per the update, Rayfield will be responsible for different aspects of business management and strategy for Advanced Micro’s graphics business including professional graphics, semi-custom products and consumer graphics. Wang will be accountable for all elements of graphics engineering, counting the technical strategy, hardware, software and architecture for company’s graphics products and technologies.

Dr. Lisa Su, the CEO and President of Advanced Micro, expressed that Wang and Rayfield are industry pioneers who bring established track records of offering profitable business development and leadership product roadmaps. They enter 2018 with remarkable momentum for their graphics business depending on the full set of GPU offerings they launched last year for the professional, machine learning and consumer markets. Under David and Mike’s leadership, he is assured that they will continue to advance the footprint of Radeon across the immersive, GPU compute and gaming markets.

Rayfield brings to Advanced Micro technology industry experience of more than 30 years focused on growth, driving results and building deep customer associations. He joins company from Micron Technology, where he served as GM and SVP of the Mobile Business Segment. Under Rayfield’s direction, Micron’s mobile business recorded considerable revenue growth and better profitability. Prior to Micron Technology, Rayfield was GM of the Mobile Business Segment at Nvidia, where he directed the team that established Tegra.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.