AMD (Advanced Micro Devices) is a US-based manufacturer of integrated electronic circuits, central processing units, graphics processors and adapters.
What is driving the growth of AMD’s stocks?
AMD’s stocks surged following their positive earnings report, which indicated that they offset the decline in the personal computer market with growth in the profitable data center market.
In the last quarter, AMD’s data center revenue rose by 42%, compared to a 33% decline for Intel’s same vertical and their AI subdivision over the reporting period. With their faster and smaller chips, AMD has overtaken Intel, even though the data center market has slowed down in recent months.
How should you trade AMD now?
During an unstable economic situation in the stock market, intraday trend trading in the FX mode using x20 leverage would be the most profitable strategy for AMD. With a 1% price change potentially boosting profit by 20% and the average intraday price fluctuation range of 3-5%, you could earn 60-100% profit per day (with x20 leverage).
This strategy allows you to profit from both price growth and decline.
What are AMD’s prospects?
AMD’s cutting-edge design is expected to keep them ahead of Intel in the data center domain.
According to analysts from J.P. Morgan, AMD’s share of the server market is expected to grow by 5-7 percentage points this year, with a projected range of 28-30%.
This is an optimistic forecast for AMD’s long-term prospects.
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