Advanced Micro Devices (AMD) Technical Analysis - GO LONG
Info:
The AMD Ryzen and the Intel Core CPUs offer similar performance, the former being better at multi-tasking while the latter are faster when it comes to single-core tasks. However, Ryzen CPUs tend to offer better value for your money.
Technical Analysis - The idea is to go long following the major bullish trend.
Fundamental Analysis - Good News as per below info - Go long.
Advanced Micro Devices (AMD)
AMD’s processors have become a mainstay in the PC market and its expansion into gaming and data centers provides ample room for growth. The company competes alongside the likes of Nvidia and its CPUs are outshining rival and industry titan Intel (INTC - Free Report) . For instance, the announcement of its new 7nm Ryzen desktop processors on July 21 helped send its stock to new highs, only a week before it posted strong second quarter results.
AMD’s quarterly sales surged 26% and it raised its guidance, which is no easy task at the moment. The firm is also set to benefit from the holiday 2020 launches of the and next-generation Xbox and PlayStation and its cloud-focused chips are being used by Microsoft (MSFT - Free Report) and others. And the good news kept coming, when AMD announced on August 4 the “availability of new AMD Radeon Pro 5000 series GPUs for the updated 27-inch iMac.”
Looking ahead, our Zacks estimates call for AMD’s fiscal 2020 sales to surge 32%, to easily top FY19’s 4% jump, as well as FY18’s 23% and FY17’s 22%. AMD’s FY21 revenue is then expected to jump another 20% higher. Meanwhile, its adjusted earnings are projected to soar 72% this year and 46% next year.
AMD is a Zacks Rank #3 (Hold) at the moment, with its bottom-line estimates up big since its report. The chip firm’s shares have soared 50% since July 21 and they climbed to new highs once again Thursday—all part of an epic five-year run that still appears to have legs.
The AMD Ryzen and the Intel Core CPUs offer similar performance, the former being better at multi-tasking while the latter are faster when it comes to single-core tasks. However, Ryzen CPUs tend to offer better value for your money.
Technical Analysis - The idea is to go long following the major bullish trend.
Fundamental Analysis - Good News as per below info - Go long.
Advanced Micro Devices (AMD)
AMD’s processors have become a mainstay in the PC market and its expansion into gaming and data centers provides ample room for growth. The company competes alongside the likes of Nvidia and its CPUs are outshining rival and industry titan Intel (INTC - Free Report) . For instance, the announcement of its new 7nm Ryzen desktop processors on July 21 helped send its stock to new highs, only a week before it posted strong second quarter results.
AMD’s quarterly sales surged 26% and it raised its guidance, which is no easy task at the moment. The firm is also set to benefit from the holiday 2020 launches of the and next-generation Xbox and PlayStation and its cloud-focused chips are being used by Microsoft (MSFT - Free Report) and others. And the good news kept coming, when AMD announced on August 4 the “availability of new AMD Radeon Pro 5000 series GPUs for the updated 27-inch iMac.”
Looking ahead, our Zacks estimates call for AMD’s fiscal 2020 sales to surge 32%, to easily top FY19’s 4% jump, as well as FY18’s 23% and FY17’s 22%. AMD’s FY21 revenue is then expected to jump another 20% higher. Meanwhile, its adjusted earnings are projected to soar 72% this year and 46% next year.
AMD is a Zacks Rank #3 (Hold) at the moment, with its bottom-line estimates up big since its report. The chip firm’s shares have soared 50% since July 21 and they climbed to new highs once again Thursday—all part of an epic five-year run that still appears to have legs.