Chip maker Advanced Micro Devices, Inc (NYSE: AMD) has ended the year up some 69.7%, but its also been an up and down ride for many investors. We have had AMD in our SmallCap Network Elite Opportunity (SCN EO) portfolio since last summer and we are exactly even on out investment as we got in at the $3.87 price – exactly where the stock ended the year at while 2014 promises to be another interesting year for chip makers trying to deal with the headwinds faced by the PC sector. With that said, here's the last bit of important news investors and traders alike should keep in mind about Advanced Micro Devices as we enter 2014:
TSMC Reportedly Has a Pull-in of Orders From PC and Smartphone Chip Clients. DigiTimes reported on Monday that unnamed sources have told them that Taiwan Semiconductor Manufacturing Company (NYSE: TSM) has landed a pull-in of orders from PC and smartphone chip clients for delivery in the second half of January 2014:The short lead-time orders reflect a rebound of replenishment demand in the PC sector and an improvement in sales in the end market, stated the sources.
Moreover, chipset vendors have renewed their solution orders for high-end smartphones as handset vendors are now ready to launch new models for the first half of 2014 plus unveil new models at the upcoming CES and MWC trade fairs:
Buoyed by new chip orders for PC, modem, wireless networking and finger encryption applications, TSMC is expected to see its capacity utilization rebound in the first quarter of 2014, commented the sources.
The report sent shares of Advanced Micro Devices along with other chip makers like Intel Corporation (NASDAQ: INTC) and NVIDIA Corporation (NASDAQ: NVDA) higher before New Year's Eve.
Some News for Techies. For techies, AMD's Kaveri APU is probably pretty closed to being launched as images of the AMD A10-7850K APU are starting to appear online with the expected launch to happen around January 13-14 plus some Cinebench R15 performance numbers have also leaked out on the AMD A10-7850K APU according to LegitReviews.com. In addition, Advanced Micro Devices has announced a new lineup of FirePro professional graphics processors for Apple's new Mac Pro professional workstation. AMD to Host News Conference at 2014 International CES. Lisa Su, AMD's senior vice president and general manager, Global Business Units, will host a news conference at the 2014 International Consumer Electronics Show (CES) in Las Vegas on January 6 at 4 PM PST which will cover the latest consumer technologies and innovations from AMD. A live video webcast of the news conference can be accessed on the AMD CES web page at www.amd.com/ces, on the Investor Relations homepage, ir.amd.com, and on Twitter at both @amd and #AMDCES. In addition, a replay of the webcast will be available on the Investor Relations homepage at ir.amd.com and on YouTube at www.youtube.com/amd. AMD to Report Fiscal Fourth Quarter and Full Year Results on January 21. AMD is scheduled to webcast its quarterly earnings conference call on Tuesday, January 21, 2014 at 5:30 PM EST (2:30 PM PST) to discuss the results of its fiscal fourth quarter and year ended December 28, 2013. Share Performance Was Up in 2013. Advanced Micro Devices is up 69.7% over the past year and up 77.5% over the past five years for investors:
Finally, here is the latest technical chart for AMD:
In other words, investors and traders alike should keep watching Advanced Micro Devices as 2014 promises to be another interesting year for chip makers.
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