Tomahawk, WI 12/02/2013 (BasicsMedia) – Advanced Micro Devices, Inc. (NYSE:AMD) was until recently a high flying stock. The now low single digit stock once traded above $40 per share, frustrating Intel Corporation in the chips market. But the stock is increasingly witnessing pressure on its balance due to high expenses and contracting revenue due to heightened competition.

Intel has woken up from slumber at its doing all it can to flex its superior muscles in the chips market. The victory of QUALCOMM, Inc.  in the mobile devices market is also causing a lot of headache for AMD that is having interest in both PC and smartphone/tablets market.

Rebound in the works

With a market cap about $2 billion, AMD seems to have lost a lot over the past six years. The stock’s rise to about $4 per share recently proved to be short-lived as it plunged to the base of around $3. However, the company is well into rebound mode and things are looking positive ahead. The company has identified various approaches to help it stay afloat and make value for the investors.

Advanced Micro Devices, Inc. (NYSE:AMD) is cutting cost so that it can improve its financial position. The company is also banking on its new server development tool which is a cutting edge technology to expand its revenue.

Although the smartphone/tablet chip market remains red-hot, Advanced Micro Devices, Inc. (NYSE:AMD) is also curving its own market for sustainability. Moreover, the company’s deal in which its chips are used in Xbox One and PlayStation 4 is also expected to boost its revenue going forward as these gadgets are expected to sell millions of units through the holiday season. In fact, Xbox One was able to sell more than a million consoles in the first day of launch, signaling good tidings.

If CEO Rory Read is to be believed, Advanced Micro Devices, Inc. (NYSE:AMD) is focusing less in the dwindling PC market, but more in the smartphone and tablet chips which is where the future lies as customers continue to demand high-performance and energy efficient pocket-supercomputers.

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.