Why AMD's Stock Growth is No Sure Thing
AMD (NASDAQ: AMD) mounted a stunning comeback over the past 18 months, surging from less than $2 a share last February to about $13 today. The chipmaker repeatedly defied the bears -- who claimed that it would be crushed between Intel (NASDAQ: INTC) and NVIDIA (NASDAQ: NVDA) -- by pivoting toward SoCs for gaming consoles and launching new CPUs and GPUs that addressed previous shortcomings.
However, AMD's rally came to a halt in late July, even after its second quarter revenue and earnings crushed analyst estimates. Part of that decline can be attributed to Barclays' claim that the stock could plummet 30% as the cryptocurrency craze driving its GPU sales dies down and it cedes GPU market share to NVIDIA. Let's examine the bearish arguments against AMD, and see if investors should be concerned.
Source: Getty.
Source: Fool.com
Intel Corp. Aktie
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