AMD Stock

Stock That is Breaking Out: Advanced Micro Devices Inc. (AMD)

The shares of Advanced Micro Devices Inc. (AMD) fell -2.96 percent to $92.52 at the close of the last trading session. Advanced Micro Devices Inc.’s stock has dropped 11.48 percent in the previous five days but has down -8.04 percent in the last month. The stock has risen 20.97 percent this year after losing -22.86 percent during the past three months. Through the acquisition of Xilinx, the company has successfully applied its technologies and increased revenues.

Even without the Xilinx acquisition, AMD’s business performed well, with revenue growing 55% year over year to $5.3 billion. EPS increased by 117 percent to $1.13. AMD continues to eat down Intel’s market share. The AMD Ryzen 5000 processor family has been a huge hit. It is gradually being adopted by laptop manufacturers, not simply because it sells well for PCs.

AMD manages to improve manufacturing volumes as Intel struggles with production delays. Furthermore, AMD will have a promising programmable logic business after acquiring the Xilinx firm. One of the most prevalent chips, they are utilized for hardware signal processing and serve as an “intermediate link” in electrical device circuits.

In 2022, AMD can benefit from increased demand for data centre CPUs, which will boost revenue and profitability. The corporation anticipates a 60 percent increase in revenue year over year to $26.3 billion and a 54 percent increase in gross profit.

AMD revealed the new Ryzen 5000 C-series processors last week, which will be utilized in premium Chrome OS laptops. Previously, Intel dominated the laptop processor industry, but AMD is constantly developing new processors that are at least as good as its primary competitor’s offerings.

As a result, the graphics chip in the new Ryzen 5000C has been upgraded, the performance of the central cores has been improved, and support for the new Wi-Fi 6E and Bluetooth 5.2 wireless standards has been included. Chromebook manufacturers such as HP and Acer have expressed interest in the new chips.

Leave a Comment

Your email address will not be published.