Here’s Why AMD Stock Has Doubled in the Past Year
Prior to 2017, Advanced Micro Devices (NASDAQ: AMD) was stuck. In the CPU market, AMD's products were vastly inferior to those of market leader Intel (NASDAQ: INTC). In the GPU market, NVIDIA (NASDAQ: NVDA) was overwhelmingly dominant.
AMD is still in second place across the board, but the company is now on the rise. The launch of its Ryzen PC CPUs in 2017 and its EPYC server CPUs based on the same underlying technology has put Intel on the defensive. And while NVIDIA still leads the GPU market, AMD came out with its most competitive GPU product in a long time last year.
AMD stock has more than doubled over the past year. The reason for this rally is simple: Investors are expecting big market-share gains and rapid earnings growth.
Source Fool.com
