AMD is still running smoothly, and that is that the company is experiencing another great growth in market value during the first hours of NASDAQ’s opening, and the reason is none other than the financial results provided by the company yesterday.
The first impulse was received unexpectedly, and that is that a new half-year delay in the manufacturing process of Intel helped AMD experience growth in the stock market that brought it to $ 68.67 per share while Intel fell somewhat more than 16% to see how each of their shares cost $ 50.60. But a day later, at the time of writing, AMD shares are costing $ 76.11 with the growth of + 12.57%, while Intel falls slightly to a share price of $ 48.12 (- 2.27%).
The reason is obvious, the good performance it has had during Q2 2020, but really what has driven its value on the stock market is that analysts estimate that for Q3 2020 the company will go from entering 1.93 billion to 2.55 billion dollars. This huge growth is due to its semi-custom silicon division to bring the PlayStation 5 and Xbox Series X to life, its new Ryzen 4000 (Zen3) desktop processors, graphics, the availability of more than 50 laptops with AMD Ryzen processors 4000H / U (Zen2), and of course, EPYC processors will continue to eat a large market share in the server segment.