Buy AMD Stock For Its New Gaming Chips, Analyst Says

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Advanced Micro Devices stock (ticker: AMD) will rise due to its new lineup of chips for gamers, according to Cowen.

The chip maker makes processors that act as the main computing brains for PCs, servers, and graphics cards, competing with Intel (INTC) and Nvidia (NVDA).

The back story. AMD stock has risen more than 75% so far this year as investors have grown optimistic about the company’s product pipeline for 2019.