Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5972
    -0.0034 (-0.57%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • OIL

    81.80
    +0.45 (+0.55%)
     
  • GOLD

    2,213.70
    +1.00 (+0.05%)
     

1 Green Flag for AMD in 2022, and 1 Red Flag

1 Green Flag for AMD in 2022, and 1 Red Flag

Advanced Micro Devices' (NASDAQ: AMD) stock price has declined nearly 20% this year as rising interest rates have caused investors to cash out of higher-growth tech stocks. AMD also faces concerns about slower PC sales in a post-lockdown market, as well as tougher competition from Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA) in CPUs and GPUs, respectively. AMD is also still slogging through the ongoing chip shortage, which is causing traffic jams at its main manufacturing partner Taiwan Semiconductor Manufacturing (NYSE: TSM) (TSMC), and facing unresolved regulatory challenges for its planned takeover of Xilinx (NASDAQ: XLNX).