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Advanced Micro Devices, Inc. (AMD) will continue to innovate for years to come

Advanced Micro Devices, Inc. (AMD) currently trades at $46.60 and has grown by 2.5% today. AMD was founded over half a century ago and has been responsible for several firsts in the tech sector. For instance, the company introduced the first 3-D graphics chip in 1995, the first single-core processor to break the 1-GHz barrier in 2000 and the first Accelerated Processing Unit (which combines GPU and CPU functions) in 2011.

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Based on this information, investorsQ rates this stock 7 out of 10. We give it this rating because Concerns about the economic impact of the novel coronavirus are perfectly understandable. All sectors of the economy have been impacted, including semiconductors. Nonetheless, the fear will subside at some point and as the tech market returns to relative normalcy, AMD is poised to make a sharp recovery. The high forecast for Advanced Micro Devices, Inc. is $66.00 and the low is $8.00. Notably, the company’s market cap is $54.63 billion with a 52 week high of $59.27 and a 52 week low of $26.03.

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