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Technology Stocks : Semi Equipment Analysis
SOXX 302.84+2.0%Dec 2 4:00 PM EST
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To: Return to Sender who wrote (84165)11/6/2019 12:42:26 PM
From: Sam1 Recommendation

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AMD Gains Chip Market Share in Nearly Every Category -- Barrons.com
DOW JONES & COMPANY, INC. 12:40 PM ET 11/6/2019

There is a reason Advanced Micro Devices(AMD) is one the top-performing stocks in the entire market. The chip maker is gaining big market share in many of the key computing categories.

AMD makes processors that act as the main computing brains for personal computers, servers, and graphics cards. Its stock has risen more than 90% year to date as investors have grown increasingly optimistic about the company's product lineup. AMD's gain this year ranks third in the S&P 500 as of midday Wednesday.

"AMD's share momentum continues," Nomura Instinet analyst David Wong wrote in note to clients on Tuesday. "AMD gained share in data center, desktop, and notebook processors in the September quarter."

AMD stock was down 1.2% to $35.71 on Wednesday.

The analyst noted that AMD gained 1 percentage point of market share in the datacenter segment, quarter over quarter, for the period ended in September. Its notebook PC share also rose 0.7 percentage point and desktop PC share increased 0.9 percentage point, according to Mercury Research estimates.

Wong said he is confident AMD will be able to achieve its double-digit server chip share target by the middle of next year from the current 5.1% share.

He has a Buy rating and $40 price target for AMD shares.

Write to Tae Kim at tae.kim@barrons.com
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