AMD Stock: AMD’s Stock Still has Upside Potential
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
- In spite of the huge +52.29% one-day run, Advanced Micro Devices’ stock price could still go higher this year.
- The joint venture with Tianjin Haiguang Advanced Technology Investment Company will help AMD compete in China’s server chip industry.
- The Middle Kingdom is the world’s fastest region for server chip sales.
- In addition to supplying processors to the upcoming PlayStation 4 NEO and Xbox One Slim, AMD will also supply the CPU/GPU inside the Nintendo NX console.
- The 14-nm Polaris 10 and Polaris 11 GPUs will help Radeon steal market share from Nvidia this year.
- I Know First published a SWOT analysis on AMD predicting its bullish stock movement which is still currently bullish for the mid and long term.