Tuesday, January 24, 2017

Why AMD Stock Is Poised To Explode In 2017

While I am not an analyst and I am certainly not qualified to make predictions like this but, as an enthusiast for more that 20 plus years, I personally think AMD's stock will definitely get a boost from the launch of both the Ryzen CPU and the Vega GPU later this year.
Advanced Micro Devices, Inc. is being reborn from the ashes. And what a rebirth. In early 2016 stock prices fell to less than $2 per share as the company struggled to remain competitive in the face of giant’s like Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA). Fast forward a year and stock prices are now drawing close to $10 while its Polaris GPU is already succeeding in regaining some of Nvidia’s market share. Can the stock soar even higher? We think so.