Quick Win by the Algorithm: AMD rose by 10.99% in 3 Days

Quick Win by the Algorithm

On February 3, 2017,  the I Know First algorithm had predicted a bullish forecast for Advanced Micro Devices (AMD).  AMD had a signal of 146.20 and a predictability of 0.21. In accordance with the algorithm, the company reported long-position capital gains of 10.99%, thus experiencing a quick win by the algorithm.

Quick Win

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.

Quick Win

Yesterday, AMD celebrated 10 years of supporting customers in casino gaming. AMD does not only provide computer processing or graphic capabilities, but also provide visual experience.  Last week, the company reported earnings better than expected.  Additionally, AMD expects an 18% increase in its turnover for the next quarter. This is a direct result of strong demand for its graphic chips.

Although there has been no confirmation, some are speculating a new licensing deal with Intel.  If a deal takes place, this would propel AMD’s market share to increase. Recently, Barron wrote a bullish article projecting AMD could regain market share from its competitors and double in value within a year. These factors can attribute to AMD’s capital gain of 10.99% in its given time frame.  

This bullish forecast on AMD was sent to current I Know First subscribers on February 3, 2017. 

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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