AMD’s Stock Hits Highest Point in Four Years
John Williamson / 3 years ago
AMD’s long-term future has been questioned by critics due to ongoing poor financials and the declining market share in both the CPU and GPU segments. This worrying situation led to calls for a takeover or possibility of AMD selling their assets to another technology giant. Thankfully, it seems AMD is in a better place due to restructuring, separating the Radeon and CPU divisions and the latest Polaris range which has mass market appeal. Additionally, the advent of Zen could dramatically change their fortunes and allow the company to have a greater foothold in the enthusiast processor market. Of course, no-one actually knows what Zen is capable of outside AMD which demonstrates how important it is for the company’s economic situation.
According to the latest research by The Wall Street Journal, AMD’s share price has more than doubled since the start of this year. Even more impressive, this is the top result recorded by any company in the PHLX Semiconductor Index.
Despite these figures being extremely promising, Wall Street has disclosed fairly modest forecasts and claims AMD’s revenue will rise by a mere 3% this year and 5% next year. On a more positive note, the company’s stock has reached its highest level in more than four years and their financial stability has significantly improved. Not so long ago, a sale amassed $1 billion which goes towards reducing the company’s debt. In theory, AMD’s monetary situation could be perceived quite differently in a few years if the product launches are successful.
Images courtesy of The Wall Street Journal.