Should you buy AMD stock right now? It wouldn’t be an exaggeration to say that chipmaker Advanced Micro Devices (AMD) is set up for the future. AMD could continue to gain market share from Intel.
Did you know the GPU market could hit $104.71 billion in sales by 2025? Most of this growth is attributed to advancements in augmented reality (AR), virtual reality (VR), and artificial intelligence (AI).
Should You Buy AMD Right Now?
To avoid being left behind, AMD has reportedly developed advanced high-performance graphics cards to challenge NVIDIA’s $NVDA dominance in the high-end GPU market.
The GPU is allegedly dubbed the “NVIDIA Killer” and touted 30% faster than NVIDIA’s RTX 2080 Ti. I’m sure this has the NVIDIA shareholders squirming in their seats.
What’s more, AMD’s GPUs, based on Navi gaming architecture, are compliant with PCIe 4.0 and offer high-speed GDDR6 memory.
The user will have an impressive visual gaming experience in layperson’s terms. If that doesn’t speak to the earning potential of AMD stock, I don’t know what does.
Final Thoughts: AMD Stock
Should you buy AMD stock right now? Overall, the impacts of the Coronavirus will be felt across the board. On the plus side, though, it could be an excellent opportunity to buy those stocks you couldn’t afford previously.
To answer the question, “Should you buy AMD stock right now?” My answer: What does the chart tell you? And the fundamentals? Look at both and decide using a bit of good old-fashioned analysis.
