Recent event: job cut and restructuring to save $58 million in the 2016 fiscal year.
Firstly, AMD aims to increase its investment in graphics products (now a separate division), will be more competitive with NVidia in the GPU market which is mostly related to gaming hardware, because E-sport is a massive growing and booming industry so this still keeps providing opportunities for AMD .
Secondly, AMD announces new next-gen Zen CPU will begin shipping between 2016-2017 and if this new core generation is successful, obviously it will lift off the sale, continuing a new product lifecycle Zen+ and expect to improve its financial performance for the next few years.
Comment: Generally AMD has made the right moves to regain market share from NVIDIA and Intel in the near future. Although Jim Keller, AMD's chief CPU architect, left the company, this event did affect investor's emotion, but that is another story. Zen CPU is still promising to me, the final project of a legendary microprocessor architect at AMD .
My AMD's future bet is $7 target
My Short-term trade:
Note: invalid level of this idea is below $1.6.
Thank you for your reading.
future target opens $7