Advanced Micro Devices, Inc. (AMD), Intel Corporation (INTC): Has This Semiconductor Company Bottomed?

The smartphones in this segment are in high demand in Asian and South American markets. Along with its smartphone ambitions, Intel Corporation (NASDAQ:INTC) is focusing on further developing its enterprise segment which is still witnessing high growth despite the decline of PCs.

Bottom line

Advanced Micro Devices, Inc. (NYSE:AMD)’s has slid continuously in the last year due to bad news from the PC industry. However, I believe the stock has bottomed out and there is little room for further deterioration. The stock is currently trading at an 11% discount to mean sell side target price. The company is trying to increase its presence in the console industry and any formal announcement of AMD in the new Xbox can be a major catalyst for the stock.

Mohsin Saeed has no position in any stocks mentioned. The Motley Fool recommends Intel Corporation (NASDAQ:INTC). The Motley Fool owns shares of Intel and Microsoft Corporation (NASDAQ:MSFT).