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Advanced Micro Devices Inc (AMD)

NASDAQ
Currency in USD
Disclaimer
153.29
+1.55(+1.02%)
Real-time Data

AMD Comments

In the case of AMD, however, the hard fall has already happened. This stock was over $30 per share as recently as Sept. 25. It fell out of bed completely after earnings, released Oct. 25,\n\nAMD’s strength has been on the weakness in Intel (NASDAQ:INTC). The company bet the farm on new designs early in the decade, and it has paid off in strong sales of microprocessors and graphics processors. But AMD isn’t the market leader in either area. It’s always going to be second in processing chips to Intel because it doesn’t own its own foundry, having sold that off to Middle East interests as Global Foundries. It’s always going to be second in graphics because Nvidia (NASDAQ:NVDA) is just too strong.\n\nEven at its present price, AMD is not cheap. The price-earnings ratio is 65. The company had just $1 billion in cash at the end of September to get through the next downturn, which now seems to be coming. Operating cash flow is notoriously weak, just $95 million during the most recent quarter.
are you just copying and pasting?we all want to know do you still think it's going to be $3 per share soon? not.
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