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Shares of Advanced Micro Devices refer to the securities of chip makers. The corporation is considered one of the leaders in its field of activity and competes with such giants as Intel and Nvidia. The global difficult economic situation in the world and the shortage of semiconductors complicate the company's development. However, AMD continues to raise revenue and stock price forecasts.
Advanced Micro Devices is an American multinational company that develops computer processors and related technologies for the business and consumer market. AMD is best known for its PC processors, but it also develops graphics cards, embedded processors and processors for servers. The company has been around since 1969 and is a leading innovator in the world of computer technology.
Advanced Micro Devices debuted on the stock exchange in 1972. At the time of the IPO, AMD stock was trading at $15. This asset is now traded on the stock exchange under the ticker NASDAQ:AMD. Advanced Micro Devices shares can also be traded through online brokers.
AMD is a leader in the development of computer processors. Ryzen series devices are widely recognized for their performance, energy efficiency and affordability. The microprocessor manufacturer takes part in the development of new technologies for games, and its Radeon graphics cards are widely used by gamers and developers. The technology giant has also developed its own virtual reality technology.
In recent years, AMD has invested heavily in research and development in the field of artificial intelligence. Ryzen CPUs and Radeon GPUs are now used in the creation of AI-based applications, as well as in the development of new technologies in this area. The company is also working to improve AI-based applications, making them more efficient and powerful.
AMD is involved in the development of autonomous vehicles. The company is working with leading car manufacturers to develop AI-powered autonomous driving systems. Another of its focus areas is the development of 5G networks, which will provide faster and more reliable connectivity for autonomous vehicles.
Despite the shortage of components in the global PC market, AMD impressed Wall Street with its third-quarter earnings report. The chip maker reported a staggering 30 percent growth. An additional factor contributing to the growth of the corporation can be considered the development of its data centers. After a strong quarterly report in November 2022, shares rose more than 29 percent.
AMD has taken a strong position in the server processor market, its share in the fall of 2022 was 27% of the global market and, according to forecasts, will exceed 30% in 2023. This allowed the corporation to gain access to large-scale cloud computing platforms due to strategic partnership with renowned hardware vendors.
Financial performance
In Q3 2022, the chip maker recorded a 29% year-over-year increase in revenue. This figure for the company reached $5.6 billion. At the end of Q3 2022, the corporation had a share of more than 17% in the server market. This represents a 7.3% increase over the same period in 2021.
Analysts expect the corporation to reach a growth plateau in 2023, with projected 6% revenue growth and marginal profit growth. Nevertheless, the catalyst for the tech giant's growth in the coming years could be the company's active development in the data center business. Analysts believe that in this industry AMD can take a part of the market share, which at the moment belongs to its largest competitor Intel.
When making our forecast on AMD stock price for the coming years, we proceeded from its price on December 9, 2022. At that time, the quotation of this asset was at $70. According to technical analysis, AMD's stock price could reach $100 in 2023. In 2025, analysts expect quotes in the $170-190 range. By 2030, the chipmaker's stock has the potential to grow to $300 and higher.
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