The company could recoup some of its lost ground to Intel in the desktop CPU segment while it surges ahead with its offerings in the graphics card market dominated by NVidia Corp.
Barron has disclosed that the likelihood of the shares of Advanced Micro Devices Inc (AMD) doubling in a year are substantial given the fact that the chip manufacturer is likely to recoup lost market share to Intel.
Similarly it is also likely to increase its market share in the graphics chip segment which is dominated by Nvidia Corp, said Barron.
Since 2015, AMD’s shares have appreciated nearly 5 times their value in comparison to the previous year. On Sunday, its shares were seen trading at $12.24.
As per analysts, AMD’s forward momentum in the value of its shares could be partly due to Lisa Su’s, AMD’s CEO, focus on the graphics chip segment and on improving AMD’s desktop CPUs.
Although Drew Prairrie, AMD’s spokesman did not comment on Barron’s projection of its stock, in an e-mailed statement he said “We have our strongest set of new products in more than a decade that we plan on releasing this year, which is why the heightened interest and focus on our momentum.”