The great run in shares of Advanced Micro Devices continued Thursday following an upbeat forecast about the chip market and an optimistic call from analysts at TD Cowen. AMD was up 1.1% to $161.90 Thursday after Taiwan Semiconductor Manufacturing said it expects revenue growth this year to be more than double the rate of the broader chip market. TSMC manufactures AMD chips.
IDK if this is OK to post here, or it’s only the tech side.
But it’s impressive to me that AMD was near bankrupt 8 years ago, but since the Ryzen reveal in late 2016, they have really turned AMD into a very profitable company, ensuring we have strong competition in many markets. Now AMD is having yet another record run, based on their new AI products.
If you have ideas on how the future of AMD will be from a product and financial viewpoint, please share. 😀
I always feel like a damn genius when I look at my purchase of NVIDIA and AMD stocks, but then I look at my red picks and realize I’d be behind the S&P 500 if I went all in on my individual stocks.
Same here. Our AMD is today at 103% profit. YEAY ;)
We only have a tiny portfolio, but I have somehow managed to choose 3 other stocks that are still in the red, after I thought I bought them at the the bottom, but then they fell a lot more.
But with the AMD stock, we are pretty nicely in the green anyway. Quite funny since the experts said, don’t buy AMerican, and don’t buy tech. And that’s the only profit we have. LOL
Yeah, I got AMD years ago and joked with coworkers we should pool out money to be a majority holder when it was at $2, but realized we don’t have money and could only invest 2k lol
I hope you bought some anyway, those are worth 80 times that today. 😱 🤪
I told my wife when Ryzen was presented late 2016, that it was an opportunity of a life time. It was around 8 at the time. We had never bough stock before, and the few days it took for us to make a trade account, it had already increased to above 10. We didn’t have much to invest at the time, but the AMD stock helped us to be able to buy a house.
When we had scraped a little bit together again, My wife OKed that we bought a small portion again, because I thought AMD would be the closest to compete with Nvidia on AI, and as far as I could tell, they had very competitive FP units already with the Radeon RX480. They just didn’t have the economic strength to compete head to head with Nvidia on AI at the time.
Even if AI came to nothing, their rise in server market share made it a pretty safe bet IMO.
Yeah, I got some at $15 in back in 2018 because I sold my $2 shares when I was excited it made it to $10 because I didn’t know anything about stocks and then repurchased at $15 because I just wanted to own the stock after building a new PC.