Advanced Micro Devices Inc. (NASDAQ:AMD) stock rose 8.46% (As on January 23, 11:20:53 AM UTC-4, Source: Google Finance) after Goldman Sachs reiterated a Buy rating and has an $85 target price. The consensus target is $91.01.
Meanwhile, AMD announced that its adaptive computing technology is powering leading mobility supplier DENSO Corporation’s next-generation LiDAR platform. The new platform will enable over 20X1 improvement in resolution with extremely low latency for increased precision in detecting pedestrians, vehicles, free space and more. The DENSO LiDAR platform, targeted to begin shipping in 2025, will leverage the AMD Xilinx Automotive (XA) Zynq UltraScale+ adaptive SoC and its functional safety suite of developer tools to enable ISO 26262 ASIL-B certification. Generally, SPAD-based systems are being adopted by automakers because of the space savings that can be achieved. The highly adaptable XA Zynq UltraScale+ MPSoC enables DENSO’s LiDAR systems to reduce the size of current LiDAR implementations, allowing multiple LiDARs to work in tandem for forward view and side views of a vehicle. One device can be used for multiple DENSO LiDAR systems, including future generations, which drives down system costs and helps designs be future-ready.
Current vehicles in production may have just one forward-looking LiDAR, but next-generation vehicles will have multiple systems including forward-, rear facing- and side-view LiDARs. The additional systems are needed to move beyond driver assistance to full autonomy. DENSO LiDAR can also be used for infrastructure monitoring, factory automation and other non-automated driving applications. DENSO’s SPAD LiDAR can generate over three million points-per-second at 10 frames per-second. This middle-range LiDAR system uses XA Zynq UltraScale+ MPSoCs for system monitor functionality to help enable the temperature and overall system to function correctly. Because the system uses time-to-digital conversion instead of analog-to-digital converters, the overall system size and cost can be optimized while still delivering high-performance high-density data.
Moreover, the company has announced a variety of new computing products across desktop and mobile, bringing new levels of performance for gamers, creators, professionals, and mainstream users. AMD is substantially expanding the range of options for Socket AM5 users with the new Ryzen 7000X3D Series Desktop processors and 65W Ryzen 7000 Series Desktop processors. AMD also announced a new lineup of Ryzen 7000 Series Mobile processors, including the AMD Ryzen 7045HX Series Mobile processors, which deliver on average over 50% more performance across a wide range of applications to enable gamers and creators on the go. AMD is also introducing the Ryzen 7040 Series Mobile processors, which feature the first dedicated artificial intelligence hardware in an x86 processor on select models