AMD Stock Prediction – Quick Win: 31.74% Return in 7 Days

AMD Stock Prediction

On July 29th, 2015, The I Know First algorithm gave a bullish signal of 8.69 for the ticker AMD (Advanced Micro Devices), which had a strong predictability indicator of 0.29. In accordance with the algorithm’s prediction, Advanced Micro Devices spiked 31.74% on trading day July 29th. A day prior to the rising stock price, I Know First published a compelling article, titled AMD Stock Outlook: Inevitable Rebound, which highlighted a potential rise in stock price.

AMD Stock Prediction

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily comprise x86 microprocessors as an accelerated processing unit and other System-On-Chip products. Although,  Advanced Micro Devices has been under performing, the diversification into the gaming market via producing new GPUs and the potential talks of a take over are fueling the now rising stock prices.

Moreover, AMD’s Chief Financial Officer, Devinder Kumar, demonstrated notable confidence earlier this year when talking about AMD future partnerships. He stated that Advanced Micro Devices is able to enter joint ventures and mergers or acquisition agreements without fear of the termination of the cross-license pact with Intel. Such news resulted in the firm becoming a target for acquisition by tech giants, in turn, helping to fuel the recent stock price increase.