Actionable news
All posts from Actionable news
Actionable news in BIDU: Baidu, Inc.,

Considering Advanced Micro Devices, Inc. (AMD) Stock? Chew on This First

It’s funny how life works out sometimes. Advanced Micro Devices, Inc. (NASDAQ:AMD) has spent the past couple of decades trying to chip away at market share enjoyed by Intel Corporation (NASDAQ:INTC) and Nvidia Corporation (NASDAQ:NVDA) in the CPU and GPU markets, respectively.

Yet, one of the bullish forces driving AMD stock higher of late has been the adoption of its technology for use in artificial intelligence and cryptocurrency-mining. Neither are what the company intended its hardware to be used for, but its graphics-processing chips are perfectly suited for the task.

But (and as is all-too familiar to long-term owners of AMD) the company is already ceding ground on both fronts, even before it reached its full stride.

To its credit, it’s only been within the past few days that AMD reportedly grew its CPU market share from 20% to 30%, scaling back Intel’s dominance of the most common type of computer processor from 80% to around 70%.

Then again, that was only a look at the second quarter, and Advanced Micro Devices had just launched its ballyhooed Ryzen CPU in March. A wide swath of consumers were specifically waiting to buy that particularly processor. It remains...