AMD Shares Surge – Here’s What to Do

The stock has jumped over 14 percent in the past week and is up over 40 percent since the start of the year.

AMD has had an exciting past few weeks. The company unveiled its third-generation Ryzen 3000 processor at Computex 2019 alongside its Radeon RX 5000-Series Navi graphics cards. AMD's showing was impressive enough for investors to juice the stock by nearly 10 percent following Lisa Su's Computex keynote.

On Thursday, AMD surged another 7.86 percent, taking its stock to $31.82 by close of day. The stock has jump over 14 percent in the past week and is up over 40 percent since the start of the year. So, what exactly was the cause of Thursday's performance boost? Well, Morgan Stanley analyst Joseph Moore admitted that his bearish outlook on AMD had “obviously been the wrong call.”

He added in an investor note that AMD has positive near-term catalysts that are playing in its favor and that its fundamentals for 2020 look sound. “The bottom line is that due to a combination of the way that AMD implements virtualization, NVIDIA‘s desire to pursue higher-margin GeForce Now-based implementations, and AMD’s relationships with console developers, AMD can be in a very strong position to benefit if these cloud-based gaming initiatives start to take off.”

Moore also indicated that Intel is less of a competitive threat at this point, primarily due to the fact that the company is still undergoing processor shortages — which are playing in AMD's favor — and that its 10nm processor ramp is just now getting underway… Full story at Hot Hardware

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