Advanced Micro Devices, Inc. (NASDAQ:AMD) recently scheduled livestream premiere to unveil next generation AMD PC products. The chipmaker said “together we advance PCs,” a live-stream premiere to reveal next generation AMD PC products. The show will premiere at 7 p.m. ET on Monday, August 29, on the AMD YouTube channel. A replay can be accessed a few hours after the conclusion of the event at AMD.com/Ryzen. Shares of AMD dropped around 3% in pre-market as in last trading session shares plunged 4.47% to close at $ 95.95.
CEO of firm, Dr. Lisa Su, along other AMD executives will unveil details on the latest “Zen 4” architecture that powers upcoming AMD Ryzen™ processors and the all upcoming AM5 platform built around the new technologies including DDR5 and PCIe5, all designed to drive a new era of performance desktop PCs.
On the other hand high-tech exporters from North Asia, which have historically been a leading indicator of the global economy, are becoming increasingly concerned about the demand for semiconductors. The leading manufacturers including Micron Technology, Inc. (NASDAQ:MU), NVIDIA Corporation (NASDAQ:NVDA), Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices Inc. (NASDAQ:AMD) have warned of weaker export orders in last week.
One of the largest boom cycles in the sector will come to an abrupt end, according to Gartner Inc. (NYSE: IT). The research company cut its rating for sales growth from 14% three months ago to only 7.4% in 2022. Gartner forecasts a 2.5% decline in 2023.
A chip that stores bits of data, DRAM (Dynamic random access memory) is one of the $500 billion semiconductor market’s chip that most susceptible to perform significant impact in the global economy. While sales of DRAM by Samsung and SK Hyinx are crucial to Korean commerce.
The third-leading memory manufacturer, Micron Technology (MU) issued a warning about weakening demand this week, which led to a drop in global chip stocks.
The chief economist for Asia Pacific at Natixis SA, Alicia Garcia Herrero said that the Asia region’s economic cycle is heavily reliant on IT exports. IT industry of Asia will have a lengthy destocking cycle and a decreasing profit margin as a result of fewer new orders and a significant inventory buildup.
A U.S. recession is predicted to commence in mid-2023 by Deutsche Bank AG and in early 2023 by Wells Fargo & Co. A US recession within the next 24 months has 100% likelihood, according to a Bloomberg Economics model.