AMD (AMD), the semiconductor company that produces chips for computers, gaming consoles, and data centers, has seen its stock price surge to new highs in 2023, thanks to strong demand for its products and big money inflows from institutional investors. The stock has gained more than 80% year-to-date, outperforming its peers and the broader market.
AMD’s Products: A Competitive Edge
AMD’s products have been in high demand in 2023, as the company has been able to deliver innovative and high-performance chips that cater to various segments of the market. The company has been able to challenge its rivals, such as Intel (INTC) and Nvidia (NVDA), in areas such as PC processors, gaming graphics cards, and data center chips.
Some of the products that have driven AMD’s growth in 2023 include:
- Ryzen processors: AMD’s Ryzen processors are designed for desktops, laptops, and workstations, and offer superior performance, power efficiency, and features compared to Intel’s processors. AMD has launched several new Ryzen processors in 2023, such as the Ryzen 5000 series for desktops and laptops, and the Ryzen Threadripper Pro series for workstations.
- Radeon graphics cards: AMD’s Radeon graphics cards are designed for gaming and content creation, and offer high-quality graphics, fast frame rates, and advanced features such as ray tracing and variable rate shading. AMD has launched several new Radeon graphics cards in 2023, such as the Radeon RX 6000 series for desktops and laptops, and the Radeon Pro W6000 series for workstations.
- Epyc processors: AMD’s Epyc processors are designed for data centers, and offer high performance, scalability, security, and efficiency compared to Intel’s Xeon processors. AMD has launched several new Epyc processors in 2023, such as the Epyc 7003 series for servers and cloud computing, and the Epyc Embedded 3000 series for edge computing.
AMD’s Big Money Flows: A Bullish Signal
AMD’s stock price has also been boosted by big money flows from institutional investors, who have been buying the stock in large volumes. Big money flows are a bullish signal that indicate that smart money is betting on the stock’s future growth potential.
According to MAPsignals, a research firm that tracks big money flows using proprietary software, AMD has been one of the top-rated stocks in 2023. The firm assigns a rating to each stock based on its big money buying volumes and fundamental growth. A top-rated stock is one that has both high big money buying volumes and strong fundamental growth.
The chart below shows when AMD was a top-rated stock by MAPsignals in 2023. Each blue bar indicates when the stock was a top pick by the firm:
The chart shows that AMD was a top-rated stock six times in 2023, indicating consistent big money buying in the stock. The chart also shows that the stock price followed the big money buying trend, rising steadily throughout the year.
The firm also provides some statistics on how top-rated stocks have performed over time. According to MAPsignals, top-rated stocks have outperformed the S&P 500 index by an average of 5.5 times over a three-year period. The firm also claims that top-rated stocks have a 90% chance of beating the market over a one-year period.
