Will AMD Or Qualcomm Stock Grow More By 2022?
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
We surveyed a group of over 200 Benzinga investors on whether shares of Advanced Micro Devices (NASDAQ: AMD) or Qualcomm (NASDAQ: QCOM) stock would grow the most by 2022.
AMD Vs. Qualcomm Stock
Advanced Micro Devices designs and produces microprocessors for the computer and consumer electronics industries. The majority of the firm's sales are in CPUs and GPUs.
On Oct. 27, AMD reported revenues jumped 56% year-over-year to $2.8 billion. Quarter-over-quarter, growth came to 45%. AMD attributed the performance to its computing and graphics segments.
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Qualcomm develops and licenses wireless technology and also designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. The firm is a leader in 5G network technology as well.
Many respondents to our study shared a similar point of view regarding future sales prospects for AMD’s computer microprocessors, particularly for the new Ryzen 5000 series of desktop processors. Investors believe AMD will benefit from strong game consoles and computer sales this holiday season.
Overall, 53% of traders and investors told us AMD’s stock will grow more by the end of next year, while 47% said shares of Qualcomm will grow the most by 2022.
This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.
Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 200 adults.
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