AMD Set to Be Added to NASDAQ 100 Index

AMD introduced Thursday that it is going to be included within the NASDAQ 100 Non-Financials Index subsequent week. The chip firm is included within the listing as a result of its elevated market capitalization, which is the results of the profitable launch of its Ryzen and EPYC processors in addition to a daily product roadmap and cadence.

AMD's share worth has risen nearly twice since mid-January 2017, from $ 9.75 per share to $ 18.49. AMD's market capitalization on the time of going to print was $ 18.54 billion (based mostly on Yahoo Finance ). With revenues of $ 1.653 billion and web earnings of $ 102 million for the third quarter of 2018, the corporate has $ 1.06 billion in money and $ 1.three billion in excellent debt.

Maybe extra necessary than the latest monetary outcomes, is that AMD gross margins reached 40%. The corporate's margins elevated primarily as a result of AMD can now compete with Intel for each excessive efficiency desktops and excessive margin servers. Practically all main PC and server distributors have launched machines based mostly on the Ryzen and EPYC CPUs. The latter at the moment are supplied by cloud suppliers resembling Amazon and Oracle. The corporate wants to realize much more shares in notebooks, however traders seem optimistic about their prospects.

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - AMD Set to Be Added to NASDAQ 100 Index

The inclusion of AMD within the NASDAQ 100 Index will take impact when the market opens on Monday, December 24, 2018.

"2018 was one other thrilling yr for AMD as we launched new high-performance computing and graphics merchandise for the gaming, PC and knowledge heart markets," stated Ruth Cotter, senior vp of Worldwide Advertising and marketing, Human Sources and Investor Relations. "Becoming a member of the NASDAQ 100 Index will additional display the progress we've made lately in remodeling the corporate, implementing our long-term technique, and delivering a sturdy product and know-how roadmap."

Associated Studying:

Supply: AMD

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.