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AMD Stock at $37.96, 13-year high on the back of Apple, Tencent announcements

AMD’s stock value is now the highest it’s been in the past 13 years. Stock prices are up now to $37.96, a 100 percent year-on-year improvement.

Much of this is down to healthy fundamentals, with AMD making major inroads into the consumer CPU market with Ryzen and carving out a portion of the high and midrange market with Navi. The recent jump, however, was driven by news that AMD has orders coming in from two heavyweights: Apple and Tencent.

It was announced recently that the 16-in Macbook Pro would feature AMD Navi RX 5300M and 5500M graphics. This wasn’t much of a surprise since AMD’s had a long-standing partnership with Apple.

What we found especially interesting was AMD’s recent partnership with Tencent. The Chinese media giant is all set to use AMD’s EPYC server cores. AMD’s made major headway into the enterprise HPC market and the Tencent partnership pushes this further.

All in all, the overall bullish fundamentals and these major partnerships make a $40 share value by year-end quite possible.

Arjun

Penguin-published author, and journalist. Loves PC hardware but has terrible hand-eye coordination. Most likely to be found playing Total War or watching weird Russian sitcoms.

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