12/25/19 Renoir Incoming at CES? Apple? Yes, Please!

First, an important upgrade from RBC’s Mitch Steves. He raised PT from $50 to $53. More significantly, he raised his 2020 earnings projection to $1.30 and 2021 to $1.73. Both of these are higher than the street average.

He said: “the higher estimates stem from “solid channel checks” for both gaming chips and products used in data centers.” and “as data center demand ramps up and gaming sales come in better than feared, as we expect, this should lead to higher gross margins relative to current Street expectations.”

Even more bullish: [The analyst said he was attempting to be “ahead of the curve” and believed “estimate raises for semiconductors broadly (and AMD) will begin in Q1.”] and that [ in bull case scenario earnings per share can be as high as $3.00 in 2021.]

This is very strong recommendation indeed!

The internet is abuzz with leaks concerning Renoir. The anticipation is extremely high.

This Notebookcheck article described how Redditor _rogame spotted Renoir APU lineup in AMD’s Boot Camp driver, revealing 28 Renoir SKUs. Boot Camp is what Mac OS uses to boot into Windows. Now Apple has been using AMD’s Radeon GPU for quite a few years, but has never used AMD’s CPU. Why would Renoir APU be found inside Boot Camp driver? Apple had famously said that they are not using Intel CPUs by 2020. I know speculation is high that Apple will use their in house ARM based CPU, but whether such CPU is fully adequate is anybody’s guess.

Microsoft had started using AMD’s 2nd gen Ryzen APU in their MS Surface Laptop 15 in, which almost guaranteed their using the 3rd gen Renoir in 2020. Could Apple use Renoir in their laptops? Please do!

There are now many articles covering Renoir.

Hexus.net: Early listings reveal first 8C/16T AMD Ryzen 4000 mobile APUs

Techpowerup: Renoir 4700U beats i7 Icelake, 18% faster than 3700U

Videocardz: Ryzen 9 4900H: 8 cores 16 threads in laptop

Wccftech: Ryzen 7 4800HS spotted and listed in Asus gaming notebooks

Tomshardware: Meet The Ryzen 9 4900H & Ryzen 7 4800H: The Rumored 8C/16T APUs

Techspot: [Tom’s Hardware discovered Renoir-based laptop listings on Irish retailer Elara’s site. Elara lists Asus laptops as containing the Ryzen 9 4800HS, Ryzen 5 4600HS and Ryzen 5 4600H. They’re also meant to be in stock on December 31, and given that OEMs have been testing the chips, it seems likely they’re close to actual release. AMD may be planning to announce them at CES 2020, which kicks off in early January.]

CES 2020 can not come soon enough. The suspense is killing me!

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