Advanced Micro Devices
AMD (ticker: AMD) makes processors that serve as the main computing brains for PCs, servers, and graphics cards, competing with rivals from Nomura Instinet.
Plot. AMD shares have grown by almost 60% this year, as investors are optimistic about the company's product pipeline later in 2019.
server chip market in 2019, as it has a promising lineup of products scheduled for release.
What's new. Nomura Instinet chip analyst David Wong began a survey on Tuesday with AMD on AMD, predicting strong financial results in the coming years. elevated [valuation] plural ", – he wrote. "We believe that the future momentum of the particle, as well as a favorable mix, will help increase the growth of AMD sales by 2019, 2020, and beyond." AMD shares rose 10% to $ 29.51 on Wednesday.
Analyst predicts that the share of AMD chips in the data center market will increase to 10% or more from 4%. He believes that the share of laptops in the company has increased from 15% to 20% from 12%, and the share of chips in desktop graphics has increased from 30% to 40% from 20%. year, and 67 cents in 2020.
Running forward. Wong's target price for AMD is $ 33, which is 13% compared to the current stock price.
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