Should You Buy Advanced Micro Devices, Inc. (AMD) Stock Ahead Of Q4 Earnings?

Summing It Up

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s projections indicate a 12% YoY revenue growth in Q4, which is also what analysts are expecting the company to deliver. AMD stock does look set for a good run as the year unfolds, with the launches of its Ryzen CPUs and Vega GPUs lined up. The company’s partnerships with Alibaba and Google are also likely to kick in this year, as are the benefits of debt restructuring. However, given how high the expectations are right now, even a slight disappointment could trigger a sizeable correction following AMD’s earnings release on 31 Jan 2017.

Another risk comes in the form of Intel’s plan to launch its third generation Xeon Phi processor, Knights Mill, which it claims can eliminate the need for GPUs in the artificial intelligence and deep learning space. In fact, Intel has already signed a deal with Baidu, which hitherto powered its deep learning models with NVIDIA GPUs. That said, it may take Intel some time to change the dynamics drastically in this space. If you’re a risk-averse investor, you might want to stay out of AMD stock going into earnings. If you don’t mind volatility and risk though, AMD looks like a good opportunity to potentially beat the market this year.

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The article Should you buy Advanced Micro Devices Inc (AMD) stock ahead of Q4 earnings? originally appeared on amigobulls.com. Watch our analysis video on AMD (3)

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Additional Links:

(1) http://amigobulls.com/articles/amd-stock-why-the-alibaba-group-holding-ltd-baba-deal-is-big-for-advanced-micro-devices-inc?ref=il&ref=im

(2) http://amigobulls.com/articles/use-this-dip-to-buy-advanced-micro-devices-inc-amd-stock?ref=il&ref=im

(3) http://amigobulls.com/stocks/AMD/analysis?ref=im