Does the name Advanced Micro Devices (AMD) ring a bell? Back in the day, it was a major player in the PC world and Intel’s biggest competitor. As Darwinism took hold, many companies migrated to Intel chips and products. AMD was left out in the cold.
A few years ago, AMD bought ATI, a smaller competitor to NVIDIA that makes game chips and video. Suddenly, AMD had its mojo back. But then enthusiasm faded, and the stock was left gasping for air. It was nearly put out to pasture in 2015.
New management and a transition into new markets has lifted AMD up to higher levels. While the company is still a fraction of its former self, it seems to be on the road to recovery. The stock was up 350% in 2016 and is looking good in 2017 so far. There is plenty to like on the chart, with strong turnover, good relative strength, and very solid price action of higher highs and higher lows.
After a very good earnings report, price action has dictated recent moves. I can see a move back into the $20’s before too long.
Advanced Micro Devices (NYSE:AMD) Video Chart Analysis
Take a deeper dive into the chart action on tech stock Advanced Micro Devices NYSE:AMD and learn how to read the technicals. Get Bob Lang’s full analysis as he marks up our chart of the week.
Love what you’re learning in our market analysis? Don’t miss a single video! Get the latest chart action delivered directly to your inbox every week as Bob breaks down stocks to watch and potential trade options!
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. Its primarily offers x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and professional graphics; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The company provides x86 microprocessors for desktop PCs under the AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU brands; and microprocessors for notebook and 2-in-1s under the AMD A-Series, AMD E-Series, AMD C-Series, AMD Z-Series, AMD FX APU, AMD Phenom, AMD Athlon CPU and APU, AMD Turion, and AMD Sempron APU and CPU brand names. It also offers chipsets with and without integrated graphics features for desktop, notebook PCs, and servers, as well as controller hub-based chipsets for its APUs under the AMD brand; and AMD PRO mobile and desktop PC solutions.
