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.
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.
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.
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.
If you’d like to receive more trending stocks straight to your inbox, check out our premium plans. Alternatively, if you’d like to hear more about the services offered by HypeIndex, you can check out our FAQ page.
HypeIndex is an AI platform that detects Hype in stocks and cryptos before it moves the market, providing reliable early detection for profitable investment opportunities.
The algorithm for our proprietary HypeIndex score is based on sentiment analysis, data science and machine learning.