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AMD Stock Price Forecast: Why You Should Stay Long On Advanced Micro Devices

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.

Advanced Micro Devices’ stock has risen to near the $13 price barrier. I am still reiterating my buy rating for AMD.
Several catalysts happened over the weeks since my previous buy recommendation for AMD last March.
First, Intel successfully killed Nvidia’s GeForce Partner Program. This will help AMD Radeon GPUs remain a viable alternative for successful PC gaming brands.
Second, Intel has postponed mass production of its 10-nanometer Cannon Lake processors to next year. It means the 12-nm produced 2^nd-Gen Ryzen processors have a better chance to succeed.
Third, AMD’s datacenter effort might just get a serious boost from Qualcomm’s reported exit from server processors.