Advanced Micro Devices, Inc. (NASDAQ:AMD) has announced that it would be holding its second annual Capsaicin Live webcast on February 28, 2017, at 10:30 AM. The event would be broadcast from the 2017 Game Developer Conference, being held on the same date, in San Francisco theater district. Moreover, the Chief Architect and VP of the Radeon Technologies Group, Raja Koduri, would host the show, which aims to celebrate PC gaming and the technology moving it forward.
The company’s event would last for a period of 1-hour and would preview the latest processor and graphics technology from AMD. It is expected that some exciting details about Vega and the most anticipated PC and VR games would be showcased, during the event. The event details were also accompanied by a second announcement from AMD. The company has globally launched its new Ryzen 7 desktop processors.
Advanced Micro Devices has stated that it would be accepting pre-orders for the new processors, through over 180 retailers, from around the world. The processor chips are based on the company’s newly developed Zen architecture and have been under development for the last 4-years. Analysts expect that the new chips might spark a pricing war, with rival Intel. The first three products of the new processor chip line would be launched on March 2, 2017. It should be noted here that the new microchips offer similar performance as that of Intel, but at half the price.
Lisa Su, the CEO of AMD, has stated that the company was focused on the goal of disrupting the PC market, while developing the chips. She claimed that their mission was to be able to bring innovation, performance and choice to as many consumers as possible. Advanced Micro Devices, Inc. (NASDAQ:AMD) moved up by 2% in the stock market, on the announcement. The stock had a trade volume of 71.51 million, to close at $14.28 per share, making it one of the top NASDAQ stocks, during the February 22 trading session.