Why Advanced Micro Devices (AMD) Stock Is Higher On Wednesday

NEW YORK (TheStreet) -- Shares of Advanced Micro Devices (AMD) are higher by 2.54% to $4.04 today following the company's introduction of its new 2014 Performance Mobile Accelerated Processing Units (APUs), which are designed for ultrathin and high-performance mobile PCs.

The new APUs will mark the debut of Heterogeneous System Architecture and Graphics Core Next Architecture, which offers users strong compute performance, improved graphics, and efficient power user for their personal and professional PCs.

Must ReadWarren Buffett's 25 Favorite Stocks 

Separately, TheStreet Ratings team rates ADVANCED MICRO DEVICES as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate ADVANCED MICRO DEVICES (AMD) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, relatively poor performance when compared with the S&P 500 during the past year and generally higher debt management risk."

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Wall Street Deflates in Pullback After Fed Excitement, No Records for Dow

Your Guide to Making a Lot of Money on the Driverless Car Boom