Is Advanced Micro Devices Stock Headed for $100?
Advanced Micro Devices (NASDAQ: AMD) has had a remarkable run, with the stock price up over 500% over the last three years. Investors are bidding the stock higher due to AMD's market share gains against Intel (NASDAQ: INTC) in the server chip market.
While Intel recently announced further delays in producing its seven-nanometer server processors, AMD's Zen 2 "Rome" processors are running away with the market, with AMD already starting to look ahead to five-nanometer products. AMD's superb execution and prospects for further market share gains could justify a higher stock price, according to analysts' market share projections.
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Source Fool.com
