Advanced Micro Devices

AMD Stock Will Ride Its Lead on Intel to More Long-Term Profitability

Taking a step back, AMD’s market share gains against Intel (NASDAQ: INTC ) did not occur all of a sudden.

The Financial Times published a very insightful article this summer that describes how AMD pulled this off.

In fact, at one point less than four years ago, AMD stock had fallen below $2.00 per share.

The Financial Times article describes how numerous large cloud companies are now starting to use AMD chips.

In short, it appears that AMD is starting to convert the technology lead into a sustainable business edge.

However, by the time analysts are projecting 2021 revenue and earnings, you might see another large increase in the AMD stock price.

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