Why It's Too Early to Give Up on AMD
Advanced Micro Devices (NASDAQ: AMD) stock now faces something it has not seen in years: a considerable decline. Recent moves by NVIDIA (NASDAQ: NVDA) and Intel (NASDAQ: INTC) have caused uncertainty among stock investors, taking AMD into bear-market territory. Still, amid counterpunches from key peers, the drop in AMD may have given investors in this chip stock the best buying opportunity in years.
AMD has spent years riding high under the leadership of CEO Lisa Su. Su took a near-bankrupt company and made it competitive against NVIDIA in the graphics processing unit (GPU) market. AMD's GPU market share rose as high as 19% in 2020, according to Jon Peddie Research.
Su also capitalized on turmoil at Intel and took a technical lead in central processing units (CPUs). AMD continues to market 7nm processors as Intel continues to delay the release of a comparable chip.
Source Fool.com
