AMD Attracts Strong Buying Interest as Uptrend Remains Firm

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AMD Attracts Strong Buying Interest as Uptrend Remains FirmAdvanced Micro Devices, Inc.BATS:AMDfinvestnomicsAMD is seeing strong buying interest following its recent retracement. The stock remains in a healthy uptrend, continuing to make higher highs and higher lows while trading above its well-aligned 20-day and 50-day moving averages. Advanced Micro Devices, Inc. is a $947.23 billion market-cap company engaged in the semiconductor industry. It operates through the Computing & Graphics and Enterprise, Embedded, and Semi-Custom segments. The Computing & Graphics segment includes desktop and notebook processors, chipsets, discrete and integrated GPUs, data center and professional graphics products, and development services. The Enterprise, Embedded, and Semi-Custom segment comprises server and embedded processors, semi-custom System-on-Chip products, development services, and gaming console technologies. AMD is a wide-moat company that has delivered significant revenue and EPS growth over the last three quarters. The company maintains operating and net margins of 14% and 13%, respectively, while generating ROE and ROIC of 8% each. Its balance sheet remains strong, with a current ratio of 2.7x and a low debt-to-equity ratio of 0.1x.