Quick Win by the Algorithm

On September 19, 2016, the I Know First algorithm had predicted a bullish forecast for Advanced Micro Devices Inc. (AMD). AMD had a signal of 8.65 and a predictability of 0.41. In accordance with the algorithm, the company reported long-position capital gains of 81.07% experiencing a quick win by the algorithm.

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.

AMD released its Zen MPUs last week that will run applications such as games or video transcoding. There will also be a desktop version that will be released in Q1 of 2017 as well as a notebook version that will be released closer to Summer of 2017.

More recently, AMD just released the Radeon RX 480 which boasts the companies anticipated Polaris architecture. Polaris is AMD’s first next generation 14nm 3D FinFET process. Polaris technology will be used for the next few years and is a vast improvement from its predecessors with a 2.8x increase in performance-per-watt. Radeon RX 480 was made specifically to reduce cost and increase power for VR (virtual reality) games. As of right now, the product is competing for the position of best bang for the buck GPU.

This bullish forecast on AMD was sent to current I Know First subscribers on September 19, 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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