New processor stimulates AMD share price to hit a record high

Recently, statistics from South Korean e-commerce platform danawa show that since the release of the third-generation Ruilong on July 8, sales of AMD processors have begun to soar and gradually surpass Intel Corp in sales, reaching 53.36%, setting a record for AMD sales in the South Korean market.

AMD's new-generation computer processor "Ryzen 3000" series, which uses a 7-nanometer process ahead of Intel Corp, has been selling well in just a few days, and technology websites have been full of praise, encouraging AMD's share price to be strong.On Monday, AMD rose 3.55% to $34.39, an one-year high. AMD shares have soared 86.29% so far this year, making it the top performer in the s & p 500.

A picture released by danawa shows that sales of AMD processors and Ruilong processors diverged on July 3, peaked around 8, and continued to rise after that. According to danawa analysis, the outstanding performance-to-price ratio of the third-generation Ruilong processors is the main reason for the surge in sales, and will continue to increase the share of AMD processors in South Korea after that.

Processor sales are hot, the main reason is that the performance price is relatively high.

On the day of the sale on the 7th, fans lined up to snap up Ryzen 3000. Micro Center, a 3C merchant in the United States, confirmed that queues appeared in many stores early in the morning. Japan's Akihabara also has science and technology fans waiting in line in the rain. 'We haven't seen consumers waiting in line to buy PC parts for years, 'said Patrick Moorhead, an analyst at Moor Insights and Strategy. Just a few days before it hit the shelves, the Ryzen 3000 of Amazon.Com Inc's website was once sold out of stock.

After the Ryzen 3000 went on sale, AMD CPU sales rose to 48.72 per cent from 28.24 per cent a day earlier, according to Danawa Research, a unit of South Korean retail giant Danawa. Two days later, AMD CPU sales overtook Intel Corp, accounting for 53.36% of the market, surpassing Intel Corp's 46.64%. The BCN Ranking situation in Japan is similar, with the Japanese city of AMD Ryzen accounting for 50.5%, better than Intel Corp's 49.5%.

Analysts are bullish on AMD and reiterate their buy rating

Hans Mosesmann, an analyst at Rosenblatt Securities, is extremely optimistic about AMD, reporting on Monday that AMD is in the early stages of a huge product cycle, reiterating its buy rating and targeting a share price of $42, which still has more than 20% room to rise from its current share price.

AMD processors have previously outsold Intel in Germany, the Netherlands and Japan, accounting for more than 50 per cent of the market, and now AMD has set a record in South Korea, where AMD is the next country with a market share of more than 50 per cent.