$AMD(AMD)$ 3 Reasons $AMD(AMD)$ Is a Buy [财迷]
1. Extra supply equated to a sales beat
2. Years of market share gains could lie ahead
3. AMD is now a highly profitable firm
AMD's stock now trades for 46 times trailing-12-month free cash flow. Considering the growth it expects to generate on its own and the looming addition of Xilinx, shares look like a long-term value right now.
Key Points
- Sales growth guidance for full-year 2021 was upgraded from 50% to 60%.
- AMD is eating market share at the expense of Intel.
- Once the underdog, highly profitable AMD has become a force to be reckoned with.
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