Advanced Micro Devices (AMD) Stock: This Dip Isn’t Concerning

Advanced Micro Devices, Inc. (NASDAQ: AMD) is having a rough day in the market today. Fueled by recent declines in the tech industry thanks to a report by Goldman Sachs that was launched earlier this week, the stock is once again in the red. In fact, today’s declines led to an alert from our partners at Trade Ideas. While this fall may be scaring some, it’s likely an opportunity for the masses. At the moment (10:01), AMD is trading at $11.34 per share after a loss of $0.43 per share or 3.65% thus far today.

Why Investors Shouldn’t Be Worried About The Dip

The great Warren Buffet once said that the time to buy is when fear is high. Due to a report that bashed the tech industry as a whole by Goldman Sachs earlier this week, fear is high. However, simply buying a stock because the price is down could be a recipe for disaster. At the end of the day, there’s got to be more to it, and for AMD, there is.

In fact, just yesterday, the company received yet another nod of approval for its Ryzen Threadripper CPU. Before we get into what happened, it’s important that you know what Ryzen is. Ryzen is the latest and greatest CPU offered by AMD. In fact, many argue that this CPU is a much more capable option than that provided by the leader in the space, Intel (INTC).

Well, if you ask Dell, they happen to agree. Yesterday, Dell announced a partnership with Advanced Micro Devices. The most important part of this partnership is simple. Throughout 2017, AMD’s Ryzen Threadripper CPU will have Alienware OEM exclusivity.

This is incredible news. First and foremost, Dell’s Alienware is one of the most well-known, if not THE most well-known gaming computer in the world Considering this, gaining exclusivity here not only acts as a nod of confidence toward the product, but will play a key role in branding AMD in the overwhelmingly profitable PC gaming division. The added publicity is surely a good thing for the Ryzen brand, and the Ryzen Threadripper, will get its time in the limelight.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMD. In particular, we’re interested in seeing how the company leverages the Ryzen name in the PC gaming space following the release by Dell yesterday. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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