Advanced Micro Devices Inc (AMD)

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AMD stock rises after Cowen names it among best ideas for 2019
By: MarketWatch | December 11, 2018

Cowen & Co. analyst Matthew Ramsay picked Advanced Micro Devices Inc. AMD, +2.90% as one of his firm's best ideas for 2019, citing the company's move to 7-nanometer as an important catalyst. While Ramsay acknowledges that meaningful share gains take time, he argues that this lineup refresh would signify AMD's "first manufacturing advantage versus Intel INTC, +1.04% " as well as the "continued execution of the company's strategic vision." He said that crypto-related woes make for a "difficult set-up" in the first half of next year, but those issues shouldn't preclude AMD from picking up share in other businesses, growing earnings, and improving its margin profile. AMD shares are up 3% in premarket trading Tuesday, and they've gained 94% so far this year. The S&P 500 SPX, +0.18% has fallen 1.3% in that time.

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