Categories: News

AMD’s Stock Hits Highest Point in Four Years

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.

John Williamson

Disqus Comments Loading...

Recent Posts

ASRock Updates Website With More Info On AM5 X670E Taichi Motherboard

Initially revealed back at Computex a little over a month ago, with the official unveiling…

11 hours ago

Netflix Confirms ‘Ad Tier’ May Arrive Before the End of the Year

Netflix is currently in the middle of something which can only be described as a…

11 hours ago

FromSoftware Recruiting for New Gaming Title (While Hinting Another Imminent Release)

Released earlier this year to critical acclaim from both fans and critics, FromSoftware is undoubtedly…

11 hours ago

Nvidia GeForce GTX 1630 Now Rumoured for June 28th Release

Earlier this year, rumours began to appear online suggesting that Nvidia was planning the launch…

11 hours ago

Intel i9-13900 Engineering Sample Suggests 20% Performance Gain on Alder Lake

At some point around September/October this year (give or take) Intel is expected to announce…

11 hours ago

AMD Confirms Radeon 7000 GPUs Will Require More Power!

Immediately prior to the release of current-gen graphics cards, one of the most consistent debated…

1 day ago