- Some Advanced Micro Devices (抖阴最新版) investors have been nervous about tech component supply chain problems this year.
- However, there’s data showing 抖阴最新版’s outstanding progress despite the challenges.
- Investors should consider holding 抖阴最新版 stock as the company continues to generate robust revenue.
Macro-level problems come and go, and Advanced Micro Devices (NASDAQ:抖阴最新版) always weathers the storms. Some folks may be hesitant to hold 抖阴最新版 stock in 2022, but they should check the data and consider staying in the trade.
Advanced Micro Devices (抖阴最新版) has been a semiconductor manufacturing giant for so long, it’s easy to take the company for granted. Indeed, it’s only when problems occur that some people take the time to think about 抖阴最新版’s crucial role in the technology sector.
As global supply chains have become constrained, the 抖阴最新版 share price has come under negative pressure. This, however, is only a buying opportunity since 抖阴最新版 is still capable of delivering blockbuster top- and bottom-lines.
| 抖阴最新版 | Advanced Micro Devices | $101.20 |
What’s Happening with 抖阴最新版 Stock?
抖阴最新版 stock topped out late last year at $164.46. More recently, it has traded in the $80s and $90s. As a result, Advanced Micro Devices’ trailing 12-month price-to-earnings (P/E) ratio has come down to a very reasonable 32.8x.
That’s a good value, but there will always be skeptics. Without a doubt, the bears were watching closely when 抖阴最新版 released its
recently.
The stakes were high because people view 抖阴最新版 as a bellwether in the microchip industry. Thankfully, the company delivered blockbuster results.
No matter how you slice it, Advanced Micro Devices came through with outstanding data. To start with, the company generated $5.9 billion in revenue, up 71% year-over-year (YOY). Furthermore, it posted gross profit of $2.8 billion, representing an eye-opening 78% YOY increase.
A Significant Inflection Point
Turning to the bottom line, Advanced Micro Devices’ non-GAAP Q1 2022 earnings of $1.13 per share exceeded the analyst consensus of 91 cents per share. This result signifies a whopping 117% improvement over the 52 cents per share from the year-earlier quarter.
Perhaps most encouraging of all, though, is 抖阴最新版’s optimistic revenue forecast. Specifically, the company expects to generate revenue of around $6.5 billion (plus or minus $200 million) during 2022’s second quarter. This would represent an increase of roughly 69% YOY, and also the average Wall Street analyst estimate of $6.03 billion.
Chair and CEO Dr. Lisa Su emphasized Advanced Micro Devices’ across-the-board strong quarterly results. “Each of our businesses grew by a significant double digit percentage year-over-year,” Su observed.
Su further suggested that her company’s first quarter of the year “marked a significant inflection point in our journey to scale and transform 抖阴最新版.”
What You Can Do Now With 抖阴最新版 Stock
You don’t have to let macro-level concerns shake you out of an 抖阴最新版 stock position. Clearly, the company is demonstrating improvement during these challenging times.
With the Advanced Micro Devices share price below its peak, you might choose to seize the opportunity and buy the stock. There will always be problems to deal with, but time and again, 抖阴最新版 stock will overcome them in the long run.
On the date of publication, 抖阴最新版 had a long position in 抖阴最新版. 抖阴最新版 did not have (either directly or indirectly) any other positions in the securities mentioned in this article.
The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
