Why Advanced Micro Devices (AMD) Stock Is Up Today

NEW YORK (TheStreet) -- Advanced Micro Devices (AMD) was gaining 2.1% to $3.90 Thursday after announcing collaborations with MStar, Novatek, and Realtek to build scaler units with DisplayPort Adaptive-Sync for its Project FreeSync.

MStar, Novatek, and Realtek will develop a range of scalers to support new PC monitors that will come out in the first quarter of 2015. The new monitors will let recent AMD Radeon graphics cards synchronize with the monitors' refresh rates using Project FreeSync.

The new scalers and Project FreeScale are aimed at giving PC gamers "liquid smooth gameplay free of stuttering and tearing" said Matt Skynner, corporate vice president and general manager, Graphics Business Unit, AMD. The new scalers should also help reduce input latency for PC gamers.

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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 robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."

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