Quick Win By the Algorithm: Emphatic rise for AMD

Quick Win By the Algorithm

On November 21, 2016, the I Know First algorithm had predicted a bullish forecast for Advanced Micro Devices Inc. (AMD). AMD had a signal of 161.16 and a predictability of 0.58. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 60.73% in just 3 months.


Advanced Micro Devices Inc. (AMD) operates as a semiconductor company worldwide. The company’s products include mainly x86 microprocessor as an accelerated processing unit (APU) and graphic process units (GPU). It also provides microprocessors for desktop PCs.

The company’s stocks rose 12% after it posted better than expected 4Q16 earnings, exceeding analysts expectations. AMD is planning to launch three new chips in 2017, and they recently revealed its next-generation GPU, Vega that they plan to launch in the first half of 2017.

AMD also plans to meet their 2017 objectives by making their comeback in the high-end graphics and computing market. In doing this, AMD looks to further improve their margins and cash flow.

Finally, of the 26 analysts covering AMD, 10 having recommended to “buy”, with 2 recommending to “sell” and 14 giving it “hold” recommendations.

This bullish forecast on AMD was sent to current I Know First subscribers on November 21, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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