With the ever-changing tech market, investors are always looking to get on board the highest performing and most successful stocks. Recently, tech giant AMD has become a considerable source of interest for investors. This interest is coming from the recent success of their products ranging from high performing supercomputers, to consoles and more.
This tech giant has been on a continuous upward trajectory since the start of 2021 and its stock price continues to climb steadily. AMD stock has consistently outperformed the industry’s average return by rising 11% in the last month, and 21% year-to-date. Recently, AMD announced a new high-performance computing platform, dubbed EPYC.
In addition, the company has secured major multi-year contracts from Tier 1 enterprise and cloud data centers, and they are expecting partnerships with major gaming companies like Microsoft to expand their reach across the gaming industry.
Further, AMD is continuously releasing new graphic processing units (GPUs) with modern technology suitable for everyday gamers. This expansion into the gaming industry has put the company in a great position for growth in the near future.
Overall, AMD is well positioned to take advantage of the growing tech space with increasing demand for computing power. Numerous analysts expect AMD’s stock price to exceed 50 dollars in the near future. AMD’s success in various computing focuses, future tech projects, and the gaming industry, put them in prime position to soar even further. As the company continues to grow its stock price could soon hit heights never seen before.