Why the AMD Share Price Could Climb 130% in 2018

The AMD share price climbed 359.41% over the last five years thanks in part to profits from cryptocurrency miners buying AMD's graphic processors. And AMD stock could be set to head even higher this year...

Advanced Micro Devices Inc. (Nasdaq: AMD) is a Silicon Valley-based semiconductor designer and manufacturer. The company develops and markets x86 microprocessors, graphics processing units (GPUs), chipsets, and game console technology.

And for the coming year, AMD announced several projects that could increase revenue. When revenue increases, there's more demand for a stock, when can send share prices higher.

In fact, one analyst believes the AMD stock price can climb 130% in the next year...

Here's What Could Send the AMD Share Price Higher

AMD CEO Lisa Su announced at CES 2018 that AMD's Ryzen product line now "offers more threads and more multithreaded performance" at every price point.

Ryzen is used for high-performance gaming, and multithreading helps increase the performance of a system running multiple applications.

BIG, FAST PROFITS: This one pick paid 100% in seven days, then 205% the next day, and 410% by the next week. You've got to see how it's done...  

AMD is also releasing new commercial processors as well as mobile APU chips for use in consumer laptops. The company's second-generation high-performance CPU will launch in the second quarter of this year.

Advanced Micro is also preparing to launch its Radeon Vega Mobile Discrete GPU, which it says will rival other high-end laptop products.

AMD already showed off Radeon Vega Mobile at an event in Las Vegas in January, so its launch is nearing.

But these won't be the only sources of increased revenue...

Thanks to cryptocurrency miners, the AMD stock price could surge 130% in the next 12 months...

Cryptocurrencies Could Be the Biggest Catalyst for Bigger AMD Profits

[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

We're in the middle of cryptocurrency mania, and one of the best ways to profit from the speculation is by buying shares in companies that produce mining equipment, like AMD.

The soaring demand for GPUs needed to mine cryptocurrencies has created a massive shortage in the equipment.

This has caused prices of GPUs to skyrocket, which can also lead to larger profits for AMD.

The price on the AMD 580 8 GB model has jumped from $250 in May 2017 to an astounding $670 today, according to CamelCamelCamel.com.

That's an increase of 168% in just nine months.

There are also similar price jumps on other AMD models, such as the AMD Vega 64.

The Vega 64 sold for $700 in August 2017 and has since climbed to $1,299.99 as of today.

And because consumers are willing to spend more on AMD's products, analysts are bullish about the AMD stock price.

Over the next 12 months, Rosenblatt Securities projects the AMD stock price will trade for $27 per share. From today's opening price of $11.72, that's a potential profit of 130.37%.

If You're Looking to End 2018 with $1 Million in Your Account, Start Right Here... Because it only takes 10 minutes to set yourself up to make more money from the markets than you've ever seen in your life. I've never seen a simpler method for scoring fast, consistent money-doubling opportunities. A year from now, you could be looking back at this moment as the defining event of your financial future. The first step on your road to millions starts right here.

Follow Money Morning on FacebookTwitter, and LinkedIn.