"Shares of Advanced Micro Devices (NASDAQ:AMD) soared 46.01% over the past month after posting a gain of 12.19% and 24.45% the two months prior. The chipmaker stock's strong performance of late has brought its year-to-date gain to 92.65%, and over the past year, AMD is now up 48.73%. When Advanced Micro Devices reported Q2 earnings on Aug. 5, it beat on revenue with $7.69 billion against $7.42 billion expected, but missed on earnings with EPS of 48 cents against expectations of 49 cents."
"After 50 years of playing second best to rival Intel (NASDAQ:INTC), Advanced Micro Devicessurpassed it, thanks to CEO Dr. Linda Su, who took the reins in 2014 with AMD able to unveil the Ryzen in 2017, which became a game changer. Based on a principle of multiple microscopic CPUs working in tandem, AMD's Ryzen CPU outperformed Intel's CPUs in speed and efficiency, and most importantly, cost only half as much."
"The company continues to see growth with its gaming chips in Japan, with market share reaching 45% and maintaining a target goal of achieving 70% market share. According to PC Gamer, "The AMD Ryzen 7 7800X3D is simply the best gaming GPU around right now. It's certainly the best gaming chip that AMD has ever made, but it's also capable of outperforming Intel's top CPU when it comes to gaming frame rates and is doing so for a lot less cash. It's also a lot less power-thirsty, too.""
Shares of Advanced Micro Devices (AMD) rose 46.01% over the past month, boosting year-to-date gains to 92.65% and one-year returns to 48.73%. In Q2, AMD reported revenue of $7.69 billion versus $7.42 billion expected, while EPS of $0.48 missed expectations of $0.49. Gaming chip sales in Japan reached a 45% market share with a target of 70%, and the Ryzen 7 7800X3D drew praise for gaming performance, efficiency and lower power consumption. CEO Linda Su led the 2017 Ryzen launch, which improved speed, efficiency and pricing, added tens of billions to revenues, and helped AMD surpass Intel in market capitalization in 2022. Notable headwinds remain.
Read at 24/7 Wall St.
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