One of the world’s leading semiconductor manufacturers, AMD (Advanced Micro Devices) has been making waves recently in the technology stock market. With an impressive stock performance and ambitious plans of expansion, AMD is quickly becoming one of the most popular stocks to watch.
In recent months, AMD stock has soared in value, with the stock trading at a high of $48, a marked increase from its earlier low of $10 in March. Analysts are expecting a bullish trend for the stock in the near and medium-term, projecting that the stock price could go as high as near $55 over the next two to three months.
The surge in stock price has been largely attributed to AMD’s expanding customer base and increased activity in the gaming and graphics processing markets. AMD has successfully signed deals with major companies such as Microsoft, Apple, and Intel to provide its highly advanced graphics processing units (GPUs) to power their systems. This long-term partnership with top tech giants boosts the confidence of investors inAMD’s business model and growth potential in 2021 and beyond.
AMD is also investing heavily in research and development, particularly in the field of artificial intelligence (AI). The company is in the process of developing advanced GPUs and AI-based software solutions to help businesses and organizations to better utilize their resources and capitalize on the growing opportunities in the AI market. This is expected to significantly enhance AMD’s growth potential in the coming months.
Apart from that, AMD is also making many strategic acqusitions to bolster its growth and give its stock a further boost. Just last month, AMD announced a $1.9 billion deal to purchase a software company, Xilinx. This acquisition is expected to bring AMD into the faster-growing FPGA market and open up new revenue streams for the company.
Overall, AMD is expected to continue its upward trajectory in terms of stock prices and growth. With such ambitious plans of expansion, strong partnerships, and strategic acquisitions, AMD’s stock price is likely to reach its projected heights of near $55 over the next couple of months. Despite some temporary corrections, investors should remain confident in AMD’s sustainable growth prospects over the medium and long terms.