Allen
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Joined: Oct 1999
Posts: 8,854
Ohio USA
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AMD [Stock Price] Broke Through Its All-Time High Of $48 But Here Is Why It’s Just The Beginning
$2 just 5 years ago...breaking the $48 all-time high...and shattering a record that has stood for almost 20 years. AMD, in a very literal sense, is in the best shape it has ever been in.
Before I go any further, I will point out that market corrections can happen at any time, but as far as fundamentals go, AMD still has a few aces up its sleeve. I can break it down to two major points:
1. AMD's 7nm ramp hasn't finished yet and not only will Intel not be able to match that anytime soon, we expect [AMD] to retain its process lead (through TSMC) for the foreseeable future.
2. The company's GPU side of things (RTG) has been in cruise mode all this time. A comeback here would significantly increase the value of the stock.
$48 in the year 2020 is not as valuable as $48 was in the year 2000 (roughly 49 percent inflation in the USA since 2000). However, this is a new high and indicates the "Current Status" of AMD is moving upwards. The article believes that will continue.
