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Hype Asset of the Day | February, 1st, 2022


Advanced Micro Devices, Inc. (NASDAQ: AMD)

Advanced Micro Devices, Inc. (AMD) is a multinational corporation with a focus on producing semiconductors for use in computer processing. The company also manufactures motherboard chipsets, flash memory, graphics processors, and a wide range of other parts for consumer electronics products. The company has seen an increase in share prices by more than 10% coming into the new year, and it has also seen a massive increase in mentions by 281% over the last day, prompting investors to wonder how the company managed to gain such hype. Current share prices for Advanced Micro Devices are $75.15 per share.


Positive Hype

There are many reasons you should add AMD to your portfolio, here are some of the major ones.


  • Despite a challenging year, AMD has much to offer over the long term, as evidenced by its 463% gains since 2018. AMD's Genoa outperforms Intel’s Sapphire Rapids on "general purpose workloads."


  • AMD's booming data centre business recently got a huge leg up on Intel, one of its biggest competitors.


  • In the third quarter of 2022, AMD's data centre segment made up the greatest portion of revenue, rising 45% year over year to $1.6 billion.


  • The semiconductor company's revenue has increased 153% since 2018 to $16.4 billion in 2022, with operating income rising 1,000% to $2.6 billion.


  • Under the leadership of CEO Lisa Su, the semiconductor company has gone from the brink of a possible bankruptcy filing to stealing market share from Intel for multiple consecutive quarters.



Negative Hype

No investment is free of risk, here is a factor you should consider before investing in AMD.


  • Although AMD shows potential with data centre innovation, AMD shares plummeted 55% in 2022 as declines in the PC market sent investors running for the hills.


Conclusion

AMD would likely be an asset to any portfolio, offering substantial and consistent long-term growth, with both companies' stocks enjoying triple-digit gains over the last five years. AMD will have to continue to contend with a downtrodden PC market in 2023. However, its long-term performance, perseverance against fierce competitors, and strong position in the booming data centre market make it worth an investment this year.


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