As the world’s second-largest chip maker, AMD is no stranger to success. After over a decade of lackluster returns, the launch of their Ryzen processor line in 2017 changed that forever.
The Ryzen family of processors was met with much enthusiasm from both casual and professional users alike. Their performance and pricing was far better than that of their Intel rivals with similar prices, and the company’s stock took off in the wake of its success.
Since the release of Ryzen, AMD stock has experienced several high peaks but also some sharp down cuts. Despite this volatility, the chip giants forward-thinking releases and strategic decisions have put them in a strong position with investors and analysts believing that the current AMD stock projection is one of continued growth over the next few years.
The chipmaker is looking forward to a busy 2021 thanks to some exciting new releases that have AMD investors feeling confident. First up is the entry-level Zen 3 Ryzen 5000 series desktop chips which have been well-received already.
AMD is also planning on launching the highly anticipated Radeon RX 6000 series GPUs which will feature the revolutionary RDNA 2 architecture and will compete directly with Nvidia’s latest offerings.
Additionally, their EPYC data-center chip family is likely to see further expansion, with the projected introductions of the 7003 series and the 7H12 server chip.
All of this has made analysts extremely bullish on AMD stock. According to one of the recent reports from Wedbush Securities, AMD’s price could soar over 50%, given the strong demand for their products and the potential for further growth.
It’s still unknown when the growth will occur and how much it could increase the stock price. But with the industry as a whole serving as a bellwether for the tech sector, one can only imagine how much AMD stock will appreciate in the foreseeable future.