Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
SANTA CLARA, Calif., May 20, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) announced that Chair and CEO Dr. Lisa Su will once again keynote at COMPUTEX 2022, leading the COMPUTEX CEO Keynote series to open the conference. With the keynote theme “AMD Advancing the High-Performance Computing Experience,” Dr. Su will share the company’s vision to advance the PC experience through next generation mobile and desktop PC innovations. The digital keynote will take place on Monday, May 23, at 2:00 P.M. (UTC
Advanced Micro Devices (NASDAQ: AMD) and Qualcomm (NASDAQ: QCOM) both saw their stock prices surge to all-time highs last year, but both semiconductor plays have stumbled in recent months as rising interest rates drove investors out of tech stocks and into more conservative investments. AMD and Qualcomm are both "fabless" chipmakers, meaning they outsource the production of their chips to third-party foundries. It trails behind Intel and Nvidia in CPUs and GPUs, respectively, but it doesn't face any other notable rivals in either market.