FXVC trades on different types of stocks. Buying stocks seems easy but it is also necessary to be time-tested strategic. One of the best stocks to trade on right now is Advanced Micro Devices Inc. (NASDAQ: AMD). AMD is a good choice for entry- and mid-level users.
AMD is a company that produces semiconductor devices that are used in computer processing. AMD’S headquarters is located in Santa Clara County, California and they have been in existence since May 1, 1989. A successful businessman by the name Jeremiah Sanders III founded AMD and he successfully developed the company. Even the effect of Coivd19 couldn’t stop the fast rise of AMD’s stock price and AMD’s products were in high demand during the COVID-19 pandemic. Over the last 52 weeks, AMD’s stocks have gone higher by 174% including a 77% gain in 2020 alone
AMD’s price trend as of this week was relatively attractive, trading at $87.28-$77.29. Leo Sun predicted that AMD will continue to rise by 30% in 2020 and 19% in 2021. AMD could continue to gain a foothold against Intel and NVIDIA in the x86 CPU and gaming GPU markets, respectively. Although this past week hasn’t been smooth sailing for Advanced Micro Devices, Inc. (NASDAQ: AMD) after hitting an all-time high of $94.28 on 2ND September. AMD is down 10.1%. But that shouldn’t a cause for concern because From February 2017 to September 2020, Advanced Micro Devices (NASDAQ: AMD) stock price has grown from $13 to $87. Considering the emergence of a bullish trend line, AMD stock is set to go right back up the charts.
A study from FXVC’s Senior Quantitative Analyst showed that AMD just came within one standard deviation of its 40-day moving average after a long period above the trend line. The analysts’ modeling indicates six similar signals occurring in the past three years. One month after these signals, AMD was higher half of the time and averaged a one-month return of 4.7%. A similar move from AMD’s current perch at $81.80 would put the equity at $85.65 back north of its 30-day moving average.
The A-term increase is predicted, the prediction of AMD stock price for 2025-09-03 is 174.256 USD. With a 5-year investment, the revenue is expected to be around +112.82%. Even with how volatile the stock market seems to be, Advanced Micro Devices is a long-term buy and hold. Because AMD is set to launch its new CPU and GPU products, on the 8th of October. AMD is a strong buy.
Intel seems to be a high competitor for AMD. With Intel delaying the production of its seven-nanometer server processors, AMD seems to be gaining more ground while selling off its Zen 2 “Rome” processors and already starting to look ahead to five-nanometer products. AMD’s brilliant performance and expectation for further market share gains could propel a higher stock price, according to analysts’ market share projections.
The reported growth in revenue for AMD is said to be 26% for the second quarter, caused by the high demand for server chips. Intel has been known to dominate the x86 central processing unit markets for a long time, but between 2004 and 2006, AMD saw its share in server chips climb from 7% to 26%.
When Intel decides to chip in on a seven-nanometer, AMD would have moved on to more advanced chips. AMD’s Zen 3 Milan chips will start shipping later in 2020, while the Zen 4 five-nanometer chips are under development
Microsoft and Sony chose AMD as the sole provider for central processing units and custom GPUs for their upcoming consoles. NVIDIA has missed the opportunity, thereby giving AMD an edge over them. The console graphics hardware market is predicted to generate $17.3 billion in revenue next year, according to Jon Peddie Research — a jump of nearly 39% over 2020’s estimated sales.
During AMD’s second-quarter earnings call CEO Lisa_Su said that they have remained focused on acquiring shares across the $79 billion markets for their high-performance products. Intel’s delay in production is helping AMD achieve all these goals.
From the looks of things, AMD’s new products will perform better than present ones. But for now, log in to your trading account, watch out for their CFD stocks and follow the trend.