So buying AMD stock at current levels might not be a bad idea despite its expensive valuation. While a healthy dose of growth has helped drive AMD from irrelevant to can’t be ignored, she and her team have also improved the financials. AMD stock is not a buy right now. Everything I said above is true, but AMD investors have already baked all of these positive data points into the stock price. That's something that investors might be concerned about, considering the stock's rich valuation. Finance, AMD's adjusted earnings could jump to $1.15 per share in 2020.
Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. This is a high-quality company with solid growth. So the bigger picture still seems to be in AMD's favor as it expects to deliver solid top-line growth for the full year. And not only does it have robust growth, but it has robust growth at a time when many other companies are struggling for break-even growth rates this year. Though the chipmaker delivered terrific annual growth in its revenue and earnings, its guidance for the current quarter fell short of Wall Street's elevated expectations. The combined effect of a nice bump in the company's revenue and an uptick in its margins is expected to drive solid bottom-line growth for AMD this year. The balance of power is shifting in the computer processor industry, giving AMD a rare breath of fresh air. AMD expects first-quarter revenue of $1.8 billion, a jump of 42% from the prior-year period. AMD's stock price is much too high and its competition is much too powerful. On the downside, keep an eye on $49. The company's Ryzen CPUs (central processing units) have been in strong demand, as evident from the fact that they have been taking market share away from Intel (NASDAQ:INTC). 7 American Manufacturing Stocks to Buy Before Recovery, Why Everyone Is Investing in 5G All WRONG, America’s #1 Stock Picker Reveals His Next 1,000% Winner, Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company, Radical New Battery Could Dismantle Oil Markets. What's more, AMD projects a non-GAAP (adjusted) gross margin of 45% for the full year, higher than its 2019 non-GAAP gross margin of 43%. Sony and Microsoft are on track to launch their next-generation consoles this year, and AMD stands to gain from their moves as it will be supplying its chips to power them. Gallery: 5 Semiconductor Stocks to Buy as the Market Bounces Back (InvestorPlace). Furthermore, the company is managing to grow despite the headaches most companies are suffering from amid the novel coronavirus. The CPU shortages at Intel have turned out to be a blessing in disguise for AMD. This has been the bounce spot for the last two months. That’s just what we like to see: assets up, with liabilities and debt down. Stock Advisor launched in February of 2002. Long-term debt has fallen from $1.4 billion in 2016 to just $486 million at the end of 2019. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.

See you at the top!

For comparison, AMD's top line increased just 4% annually in fiscal 2019, so 2020 is going to be a huge improvement if the company delivers on its promises. Such significant advancements will create strong end-market demand in the self-driving vertical for Nvidia's GPUs. In that respect, AMD stock has done an excellent job consolidating those gains. "I am very proud of the progress we have made over the last few years, placing AMD on a long-term growth trajectory," CEO Lisa Su said in AMD's second-quarter earnings call.
If AMD wants to strike while the iron is hot, the time is now.

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