Advanced Micro Devices is a leading chip manufacturer that is experiencing massive growth as they earn market share from INTC due to their 7nm chip competitive advantage (INTC supports 14nm and is delayed in production of 7nm). AMD recently made new highs, however was hit with bad news last week as MSFT announced the in-house development of their own chips. Earlier in November AAPL announced that they will begin developing their chips in house as well. AMD is a good buy on any further negative news in the 86-90 range as it looks to continue on its strong trajectory back to break the 100 level.
