Advanced Micro Devices (AMD) stock was up on Thursday following the release of the semiconductor company’s Adrenalin 26.1.1 driver. This new update comes with an AI bundle that makes it easy for anyone to set up an AI system on a device that utilizes the company’s Ryzen CPUs and Radeon GPUs.
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AMD claims that its AI bundle allows users to set up and install all the resources needed for an AI system with just one click. The company said that this new bundle will remove complicated tasks, such as “juggling driver installations, configuring Python, tracking down the right frameworks, and troubleshooting compatibility.” With this bundle, users will no longer have to hunt for dependencies or handle manual configurations.
Here’s a quick look at the software that is included in the AMD AI bundle:
- PyTorch on Windows — Allows users to build and train AI models from scratch or load existing ones.
- ComfyUI — Used to install models to create visual workflows for image generation and LLM outputs.
- Ollama — Run LLMs locally for text generation, prototyping, and automation, without relying on cloud services from code.
- LM Studio — Install and run large language models in applications while able to tune model’s parameters easily.
- Amuse — Text-to-image generation application for AMD-optimized models.
AMD Stock Movement Today
AMD stock was up 0.7% on Thursday, building on a 17.79% rally year-to-date. The stock has also increased 103.02% over the past 12 months.
Trading activity today saw some 14.61 million shares of AMD stock change hands, compared to a three-month daily average of about 28.04 million units.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 234 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $284.93, representing a potential 13.25% upside for the shares.
