Advanced Micro Devices, Inc. is a leading semiconductor company that offers a broad range of innovative products, including microprocessors, GPUs, and server accelerators among other hardware products. The company has a strong history of technology leadership and is committed to delivering the best possible computing experience to its customers. The company’s products are used in a wide range of applications, including gaming, computing, and virtual reality.
Advanced Micro Devices, Inc. is a strong competitor in the market for high-performance GPUs, and its products are used by some of the world’s largest tech companies. The company has a strong R&D team and a commitment to innovation, which gives it a competitive advantage in the semiconductor market. The company has free cash flows of $3.40 billion and is ranked among Bridgewater’s top tech stock picks.
AMD is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.
AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology.
Additionally, the recently closed acquisitions of Xilinx and Pensando enhance AMD’s positioning within the data center, a key growth engine for the semiconductor industry. Xilinx specifically opens up several new growth opportunities in new end markets like industrial, automotive, and communications. The company also generates significant cash flow, giving it capital allocation optionality for further M&A and returning capital to shareholders.