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AMD tumbles into a bear market before getting upgraded at Moody’s

Despite the recent slump, Moody's cites "improved product positioning" in AMD's personal-computing business as well as custom chip uses like video games, which rely heavily on graphics cards for fast-processing and smooth rendering.

AMD surges after Jefferies sees a ‘foundational shift’ versus the competition

For years, AMD trailed Intel, Jefferies says. But the semiconductor maker has easily regained market share as the older competitor struggles to produce 10-nanometer chips. Intel has delayed its rollout of these smaller, next generation chips until at least 2019.

AMD just hit its highest level in more than a decade

Shares of AMD have climbed 98% since the beginning of the year, easily outperforming the benchmark S&P 500 index's 6% gain in the same period.
Lisa Su, chef executive of chipmaker AMD

AMD sinks after its 3rd largest investor sells a $427 million stake

The investment firm held 56.9 million shares of AMD as of its most recent filing in August 2017, equating to more than 5% of the chipmaker's total equity. Only Vanguard and BlackRock have larger stakes.
Technicians of AMD, the world's second-largest maker of computer microprocessors after Intel Corp, display wafers for the media in the eastern German city of Dresden.

Here come AMD earnings…

Semiconductor makers, including both AMD and its competitor Nvidia, got an unexpected bump from the cryptocurrency craze of early 2017. However, as prices and interest have waned — bitcoin is down 39% since January 1 — so too has the interest in graphics cards from would-be crypto miners.

Nvidia just hit a record high

“We are bullish on NVDA's outlook and see the company ideally leveraged to some of the most attractive secular growth themes in semiconductors,” Rick Schafer, an analyst at Oppenheimer, told clients in a note Thursday. He has a price target of $262 for the stock.