Last week, the semiconductor space flourished. AMD rose 14%, surpassing Nvidia's gains. With a painful 2022 behind them, AMD stocks are rebounding on signs that the Federal Reserve will ease its rate hikes and inflation numbers will give the company a boost later this year.
With the much-awaited and cheaper AMD AM5 motherboard about to hit the shelves, sales are expected to rise. No cost-cutting announcements targeting the 15,000+ AMD workforce—yet.
So AMD looks like it could maintain the bullish trend in 2023 if sales rise, at least, for a while.
With the much-awaited and cheaper AMD AM5 motherboard about to hit the shelves, sales are expected to rise. No cost-cutting announcements targeting the 15,000+ AMD workforce—yet.
So AMD looks like it could maintain the bullish trend in 2023 if sales rise, at least, for a while.
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