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Advanced Micro Devices, Inc. (AMD) operates as a semiconductor company worldwide. 
The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.
Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
The company provides processors for desktop and notebook personal computers under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, AMD FX, AMD A-Series, and AMD PRO A-Series processors brands; discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics, AMD Embedded Radeon graphics brands; and professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands.
It also offers Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers; chipsets under the AMD trademark; microprocessors for servers under the AMD EPYC; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products.
On May 3rd, AMD reported 1st Quarter March 2022 earnings of $1.09 per share on revenue of $5.9 billion. The consensus earnings estimate was $0.90 per share on revenue of $5.5 billion. Revenue grew 70.9% on a year-over-year basis. The company reports August 2nd (tomorrow).
Shares have formed a bullish "cup and handle" and are on the cusp of breaking higher out of this formation. Furthermore, The U.S Congress approved bipartisan legislation to make the American semiconductor manufacturing industry stronger and more competitive with rivals like China, CNN reports. The bill will go to the President's desk for final a signing. "The legislation is aimed at addressing a semiconductor chip shortage and making the US less reliant on other countries such as China for manufacturing. Supporters say the measure is important not only for US technological innovation, but for national security as well," noted CNN.
Entry Point: $94.00
Trading Range: $71.60 to $164.459
Stop Loss: $89.50
Target Price: $103.50
