Will the Radeon RX 9060 XT Be a Positive Catalyst for AMD Stock?
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The Radeon RX 9060 XT comes in two variants: an 8GB model priced at $300 and a 16GB model for $350. The card also offers comparable performance to Nvidia's (NVDA) RTX 5060 Ti GPU, which is priced at $379 for the 8GB model and $429 for the 16GB model.
The AMD Radeon RX 9060 XT offers gamers a budget option for 1080p and 1440p gaming, and it does so for significantly less cash than what's required for Nvidia's comparable GPU. AMD also has a track record of keeping its graphics cards in stock, whereas Nvidia has had trouble doing so due to demand for its AI GPUs pulling resources away from its gaming division.
Analysts have remained bullish on AMD stock lately, with two updates earlier this week.
Five-star Bank of America Securities analyst Vivek Arya reiterated a Buy rating and $130 price target, implying a 9.36% upside.
TD Cowen analyst Joshua Buchalter maintained a Buy rating and $115 price target, suggesting a 3.26% downside.
AMD stock was up 0.16% as of Thursday morning but is still down 1.66% year-to-date. The company's shares have also fallen 28.9% over the past 12 months. This likely isn't the performance investors hoped for today, but positive reviews of the Radeon RX 9060 XT could be a catalyst for AMD if they translate to sales.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for AMD is Moderate Buy, based on 22 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $126.55, representing a potential 6.61% upside for the shares.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
WeRide and Lenovo introduce HPC 3.0 platform for L4 autonomous vehicles
Autonomous driving technology company WeRide has unveiled its latest high-performance computing platform, HPC 3.0, co-developed with Lenovo. This NVIDIA's new DRIVE AGX Thor chip-powered platform is integral to WeRide's mass-produced Level 4 (L4) autonomous vehicle, the Robotaxi GXR. This platform is said to minimise the cost of autonomous driving suites by 50%, facilitating the large-scale commercial deployment of the GXR. WeRide noted that the platform features a dual NVIDIA DRIVE AGX Thor configuration running the safety-certified DriveOS. It is built on the AD1 L4 autonomous driving domain controller of Lenovo and delivers up to 2,000 TOPS of AI compute. The platform not only enhances core capabilities but also streamlines system integration, slashing mass production expenses to a quarter of that of HPC 2.0. Additionally, it is said to consolidate key modules such as controller area network (CAN) gateway, Ethernet gateway, inertial navigation, and collision identification. This consolidation leads to lower production and maintenance expenses, reducing the total cost of ownership by a staggering 84% over its lifecycle in comparison with its predecessor. WeRide added that its HPC 3.0's design architecture meets the Automotive Safety Integrity Level D (ASIL-D) safety level, with a failure rate below 50 FIT (failures per billion hours of operation) and a mean time between failures (MTBF) of 120,000 to 180,000 hours. Designed for durability, it claims to withstand extreme temperatures and is compliant with global VOCs environmental standards. This makes HPC 3.0 suitable for international deployment, supporting WeRide's ambition to scale its Robotaxi fleet globally. WeRide CEO and founder Tony Han said: 'Integrating the HPC 3.0 platform into our Robotaxi GXR enhances vehicle reliability and responsiveness while significantly reducing deployment costs. Moving forward, we plan to extend this platform across more of our L4 autonomous vehicles — including the Robobus, and Robosweeper — bringing smart, accessible mobility to more cities and customers worldwide.' Since 2017, NVIDIA has been an important investor in WeRide through its NVIDIA Inception programme. In May 2025, WeRide announced its expansion into Saudi Arabia, demonstrating its commitment to its global growth strategy. "WeRide and Lenovo introduce HPC 3.0 platform for L4 autonomous vehicles" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 hours ago
- Yahoo
Why Simmons First National (SFNC) Stock Is Down Today
What Happened? Shares of regional banking company Simmons First National (NASDAQ:SFNC) fell 4.3% in the morning session after the company announced the pricing of a public offering of its common stock. The regional bank priced an offering of 16.22 million shares of its Class A common stock at $18.50 per share, aiming to raise gross proceeds of approximately $300 million. This price represented a 7.9% discount to the stock's previous closing price, a factor that often puts downward pressure on a stock's value. The issuance of new shares can lead to dilution for existing shareholders, which means each existing share represents a smaller percentage of ownership in the company. Simmons stated it intends to use the net proceeds for general corporate purposes, which could include supporting a potential "balance sheet repositioning" and continued growth. The offering is expected to close on or about July 23, 2025. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Simmons First National? Access our full analysis report here, it's free. What Is The Market Telling Us Simmons First National's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 4 days ago when the stock gained 3.1% on the news that the company reported strong second-quarter 2025 financial results that showed significant growth in earnings and a key profitability metric. The regional bank announced net income of $54.8 million, or $0.43 per diluted share, a substantial increase from the $32.4 million, or $0.26 per share, reported in the first quarter. A key highlight for investors was the expansion of the bank's net interest margin, which is a core measure of bank profitability that compares the income generated from loans to the interest paid out on deposits. This metric rose to 3.06%, marking the fifth consecutive quarterly increase. The positive results were driven by higher yields on loans and a decrease in deposit costs for the third straight quarter. Simmons First National is down 9.2% since the beginning of the year, and at $19.71 per share, it is trading 22.8% below its 52-week high of $25.53 from November 2024. Investors who bought $1,000 worth of Simmons First National's shares 5 years ago would now be looking at an investment worth $1,156. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
4 hours ago
- Yahoo
This Tiny AI Startup Just Hit $1 Billion -- And It's Not Backed by OpenAI or Google
Reka AI just crossed the $1 billion markand it got there fast. The AI startup, founded in 2022 by ex-Google (NASDAQ:GOOG) and Meta (NASDAQ:META) researchers, closed a $110 million funding round led by Nvidia (NASDAQ:NVDA) and Snowflake (NYSE:SNOW). That's more than triple its last known valuation of $300 million from 2023. Reka builds large language models, the engine behind much of the generative AI wave, and says it can do so more efficiently than the current titans. Investors seem to agree. The funding reflects a growing appetite for lean, independent AI players who can punch above their weight. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Snowflake, which previously held acquisition talks with Reka, decided instead to partner. Now it's doubling down by bringing Reka's models directly to enterprise customers. Very few teams in the world have the capability to build what they've built, said Snowflake's VP of AI Engineering, Vivek Raghunathan. Almost everyone at that level is at OpenAI, Meta, or Anthropic. Reka is one of the rare independents. The bet? That Reka could become a go-to model provider for companies that want powerful AI toolswithout being locked into Big Tech ecosystems. CEO Dani Yogatama isn't slowing down. Reka's headcount jumped from 20 to 50 in the past year, and it's now offering tools beyond just modelslike application logic and custom interfaces. The strategy is clear: build fast, stay independent, and fill the gaps the giants leave open. As capital floods into AI and companies hunt for flexible alternatives, Reka's leap to unicorn status could be just the beginning. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
