AM
Advanced Micro Devices Inc.
AMD · Technology
Company brief
AM
AMDTechnology$230B

Advanced Micro Devices Inc.

Semiconductor company designing and manufacturing processors, graphics cards, and data center solutions

Moat score
8.7/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$432
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+269%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
43.7x

Forward P/E around 43.7x means investors pay about $43.7 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
138x

A P/E around 138.1x means investors pay about $138.1 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$3.05
Market Cap
$691.5B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

AMD keeps converting product wins into growth, but the stock still has to justify a forward multiple that leaves less room for mistakes.

Watch signal

Forward P/E around 43.7x holds while Data Center stays the key operating KPI.

What you own

Advanced Micro Devices Inc. is exposure to technology operating model with high switching costs and 118% net revenue retention.

Base thesis

Semiconductor design IP and x86 architecture licensing create multi-decade customer lock-in

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

Pro access unlocks the workflow simulator for this company brief.

Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
8.7Moat Score
Net Revenue Retention118%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Semiconductor design IP and x86 architecture licensing create multi-decade customer lock-in
  • Custom silicon validation workflows require years of engineering investment to replicate
  • Deep integration with foundry partners (TSMC) creates supply chain dependencies that benefit AMD
  • Customer design wins involve 2-3 year qualification cycles with massive switching costs
  • AI/ML acceleration becoming table stakes but differentiated execution on datacenter GPUs
  • Fab-less model provides capital efficiency but increases dependence on foundry capacity allocation