Analyst David Wong is encouraged by several aspects of AMD’s AMD, +11.81% business, including its “solid” positioning in the x86 microprocessor and standalone GPU markets. “We contrast this with competitors Intel and Nvidia NVDA, +4.24% which are each dominant in only one of the microprocessor/GPU markets,” he wrote in a note to clients.Wong sees potential for AMD to pick up market share in both microprocessors and GPUs.
Profitability is also a key lever in Wong’s view, as he writes that “a return to sustainable profitability” could help give shares a boost. In the next few years, he sees an opportunity for AMD to show earnings power of $2 a share. The company generated 46 cents in annual EPS in 2018.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Mining Stocks Are Surging on Global Economic FearsBoth Germany and Japan’s 10-year bond yields are back below zero, marking the first time we’ve seen German yields turn negative since October 2016. Here in the U.S., the yield on the 10-year Treasury has fallen to a more-than-one-year low on a dovish Federal Reserve. Where does gold come into play?
Source: Forbes - 🏆 394. / 53 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »