AMD, this Radeon RX 6800 XT looks eerily familiar

AMD, this Radeon RX 6800 XT looks eerily familiar


A Reddit user posted some interesting photographs depicting an OEM model of the Radeon RX 6800 XT. The graphics card is reportedly manufactured by Dell and has been extracted from an Alienware-branded gaming system.

Credit: Hardcorex / Twitter Already at first glance, the product recalls, from an aesthetic point of view. , the previous Radeon VII of the Sunnyvale company, although it is not exactly identical. Dell's Radeon RX 6800 XT occupies two expansion slots and is equipped with a robust triple fan cooling system. The PCB shows a green color, but there is a black backplate on the back. Green PCBs are expected to be cheaper than black ones, which could explain Dell's decision. Additionally, this OEM Radeon RX 6800 XT could be installed inside a case without a transparent side panel, so the overall appearance doesn't matter much. In addition to the Radeon logo, the card lacks other distinctive markings.

The user in question did not share the specifications of this particular OEM model, so we are not sure if it is sticking to AMD's reference specifications. The graphics card, based on Navi 21, employs two 8-pin PCIe power connectors, so it should maintain the TDP value of 300W. Furthermore, it seems that the cooling solution adopted is able to keep temperatures at very good values. As for the video outputs, there are one HDMI 2.1 port and three DisplayPort 1.4, which means that Dell has discarded the USB Type-C port in favor of an additional DisplayPort 1.4.

Credit: Hardcorex / Twitter Recall that this specific model is OEM, so it won't be marketed in the retail market and won't be around unless someone pulls it out of the original system to sell it on eBay or other platforms.

Ryzen 5 5600X, very balanced CPU with very satisfactory performance in the gaming field, is currently available on Amazon.

AMD Stock: Why Wall Street Is in Love With Lisa Su

Advanced Micro Devices (AMD) website, with magnifying glass over the AMD logo. © Source: Casimiro PT / Advanced Micro Devices (AMD) website, with magnifying glass over the AMD logo.

Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su is the hottest name in tech. Even though AMD stock is down 11% in 2021, analysts keep pounding the table for it.

Advanced Micro Devices (AMD) website, with magnifying glass over the AMD logo. © Provided by InvestorPlace Advanced Micro Devices (AMD) website, with magnifying glass over the AMD logo.

On April 27 they were rewarded with net income of $642 million, 52 cents per share on revenue of $3.45 billion. The sales figure was up 94% from a year ago.

AMD stock is weak only because it already has a nosebleed valuation. In the days after the release AMD stock fell another 2%. It’s now near $82 per share with a market cap of $102 billion, on what could be $13.7 billion in sales if they can hold that pace. That’s a forward price-sales ratio of 7.4x, and a price-earnings ratio of 83x.


Investors Like Intel

I’m one of the investors Wall Street analysts like Jim Cramer don’t understand. He reiterated a buy call on AMD after earnings. Yet since the start of the year Intel (NASDAQ:INTC) shares are up 17%, after the company hired former VMware (NYSE:VMW) CEO Pat Gelsinger to run it.

Gelsinger plans to put $20 billion into making Intel a chip foundry. His target is Taiwan Semiconductor (NYSE:TSM), which makes AMD chips. TSMC, as it’s called, is also raising its capital budget, to over $25 billion. The two companies are racing each other in the desert southeast of Phoenix to build fabrication plants.

AMD designs have passed those of Intel in performance. Its road map now includes a chip with circuit lines just 3 nanometers apart, while Intel is still stuck at 10 nanometers. That chip could hit the market as early as 2024. I believe, hover, that Intel will match TSMC, benefitting from President Joe Biden’s demand that American computer makers buy American.

Want another reason to buy Intel? Unlike AMD it pays a dividend. Even with its recent rise in price it’s still yielding 2.4%.

No Fab, No Problem

Like Nvidia (NASDAQ:NVDA), 2020’s other hot hand in the semiconductor space, AMD is “fabless.” That means it’s purely a chip designer, a software house. It relies on other companies to do the capital-intensive job of manufacturing its product.

For the analysts who love it this means AMD’s small size is no problem. AMD ended 2020 with $2.3 billion in cash, but just $531 million in long-term debt. Even the semiconductor shortage is no problem. It just keeps AMD’s prices strong.

AMD has 16 analysts following it at Tipranks, nine of whom say buy it with a one-year price target of $106, up 26%. Intel, meanwhile, has 30 analysts at Tipranks, 12 of whom say buy it with a price target of $67, up 12%.

The Bottom Line

I still prefer Intel, but I can see myself buying AMD. I also own some TSMC, and Nvidia.

As Su says, “This is a very unique time in the semiconductor business.” The rise of self-driving cars, the power of the cloud market, the machine internet and the ubiquity of mobile devices have created a perfect storm around every semiconductor stock.

Chips are traditionally a boom-and-bust area. The investments of TSMC and Intel in Arizona are going to ease the current shortage at some time. They will likely overshoot. Analysts and investors see a glut of product ahead. Others are worried about the big cloud companies. Both AMD and Intel have a fraction of the market cap of Apple (NASDAQ:AAPL) and the other cloud stocks. Most now design their own chips. But all of them need fabrication plants.

The worries are the best reason to buy now. Not everyone is in this market. You should be.

At the time of publication, Dana Blankenhorn directly owned shares in NVDA, INTC and TSM.

Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at, tweet him at @danablankenhorn, or subscribe to his Substack