This story was originally published here.
Semiconductor stocks have been on fire since late March on optimism that the Covid-19 impact on the global semiconductor market will be both short-lived and not-that-big. That optimism gained credence in late June, thanks to strong earnings reports and updates from Micron (NASDAQ:MU) and Xilinx (NASDAQ:XLNX). Semiconductor stocks continued on their blistering rally.
The world’s hottest and arguably strongest semiconductor company, Advanced Micro Devices (NASDAQ:AMD), has been no exception to this trend. From its March lows, AMD stock has risen more than 40%.
I think it’s worth sticking with this rally in AMD stock.
Despite some obvious valuation risks (50-times forward earnings, versus a semiconductor stock average of 19-times forward earnings), AMD stock will continue to rally over the next few months for four big reasons:
- The fundamentals underlying the global semiconductor will dramatically improve in the back-half of 2020 and into 2021/22.
- AMD’s business remains the fastest growing, most exciting business in the global semiconductor market.
- Thanks to strong gaming tailwinds, AMD is positioned to have a blockbuster second-half 2020.
- New products should sustain robust growth in the company’s ultra-important cloud business.
The fundamentals underlying the global semiconductor market will dramatically improve over the next few months thanks to super-charged demand in some of the industry’s critical end-markets.
Just look at all the demand catalysts on the horizon for the semiconductor market…
Editor's Note: Click here to keep reading.
65 Ways You Can Make Extra Cash in This Crazy Environment
With the market crisis moving into our rearview mirror, folks are now looking for ways to get back to making money.
Neil George wants to show you how to get his new book that profiles 65 simple ways to earn large amounts of work-free income.
…extra cash that you can collect ON TOP of your Social Security check…
…without messing around with crappy jobs. (Pizza delivery driver? No way.)
These are PROVEN cash-gushing strategies… the kind typically used by the wealthy elite.
And the best part is…
Neil George has set aside copies of his book, Income for Life, and he’s willing to send you a hardback version today ABSOLUTELY FREE (just pay shipping). This may be the last time we offer this.
Here's just a sample of what you can find inside:
- Use what Neil calls the “FHA Loophole” to get the government to pay your mortgage — PLUS receive hundreds in extra cash on top.(Page 217)
- Collect $100s for pictures in old family photo albums! Believe it or not, there is an easy way to turn your old artwork/photographs into $100 bills (certain businesses are desperate). (Page 297)
- Get paid every time your favorite song gets played on the radio! This little-known website allows you to tap into royalty payments every time your favorite song is played on the radio. Some lucky folks collect thousands of dollars a year! (Page 307)
- Pocket upwards of $197 PER HOUR simply by taking a walk through the woods in the fall… or $137 while visiting your favorite beach in the summer… and many, many more!
This book is flying off the shelves and this may be the last run of copies we print.
So if you don't claim your copy of Income for Life today, we'll send it to the person behind you in line…