What's Going On With AMD Stock?

Advanced Micro Devices Inc AMD shares are trading lower. The company on Tuesday announced new innovations for industrial and commercial applications.

What Happened: AMD unveiled the latest additions to its Kria portfolio and developer kits with its new Kria K24 System-on-Module (SOM) and KD240 Drives Starter Kit.

The Kria K24 SOM is half the size of a credit card and uses half the power of the Kria K26 SOM. It offers low latency for powering electric drives and motor controllers used in digital signal processing applications at the edge. 

The KD240 Drives Starter Kit is an out-of-the-box-ready motor control-based development platform. When paired with the Kria SOM, users can get up and running quickly without needing programming expertise. 

"The AMD Kria K24 SOM and KD240 development platform build on the breakthrough design experience introduced by the Kria SOM portfolio, offering solutions for robotics, control, vision AI and DSP applications," said Hanneke Krekels, corporate vice president of core vertical markets at AMD.

The new product announcements come a day after AMD announced availability of its new EPYC 8004 series processors, which enable hardware providers to create energy efficient platforms that can power applications from the intelligent edge.

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AMD Price Action: AMD shares were down 1.05% at $101.29 at the time of writing, per Benzinga Pro.

Photo: courtesy of AMD.