"Shares of Advanced Micro Devices (NASDAQ:AMD) lost 5.18% over the past month after exploding for a gain of 12.19% and 24.45% the two months prior. Despite the recent pullback, the chipmaker stock's strong performance of late has brought its year-to-date gain to 30.92%, and over the past year, AMD is now now climbed back into the green with a gain of 0.76%."
"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. 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."
"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."
AMD's stock delivered strong year-to-date gains of 30.92% despite a 5.18% decline over the past month, and ended the past year up 0.76%. Q2 revenue beat expectations at $7.69 billion while EPS missed slightly at $0.48 versus $0.49 expected. Gaming-chip adoption in Japan has reached 45% market share with a 70% target. The Ryzen line, introduced after leadership changes in 2014, used a chiplet architecture to improve speed, efficiency, and cost, driving tens of billions in revenue and enabling AMD to surpass Intel in market capitalization in 2022.
Read at 24/7 Wall St.
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