This story was originally published here.
It’s like doubters of Advanced Micro Devices (NASDAQ:AMD) keep waiting to wake up one day and see the stock in free-fall as bulls overplayed their hand. The truth is, AMD stock remains a great bet on the future of technology.
As time goes on, computing tasks aren’t becoming less robust. They’re becoming more demanding, which increases the need for GPUs and chipmakers like AMD.
The fact that AMD was a penny stock a few years ago and on the brink of survival has cemented a lot of doubt within the bear camp. Fortunately, their theses are out of line. While it’s possible the company has a hiccup or two along the way, AMD continues to take market share at a time where the market is growing.
That’s exactly the kind of thing bulls want to see and it’s exactly why the stock has done so well. Now AMD is leaning on a bevy of industries — including crypto, AI, automotive, gaming and cloud-computing to name a few — to drive its business.
Unless these industries are going to unravel, neither will AMD stock… Story continues here.
Guess Who's Going Bankrupt
If you thought the store closures and bankruptcies in 2020 were surprising… you haven't seen anything yet.
Something much bigger is just around the corner.
Few Americans even know that any of this is happening…
Those who do know don't have a clue what to do about it, or how to prepare for what's next.
Which dominoes are the next to fall and what can you do to prepare?
Senior Quantitative Analyst, InvestorPlace