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Invest Diva's Kiana Danial Likes Advanced Micro, Sees ~$9/Share On Lucrative VR Market Potential

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Invest Diva's Kiana Danial Likes Advanced Micro, Sees ~$9/Share On Lucrative VR Market Potential

Kiana Danial is the CEO of Invest Diva and was a guest on Thursday's daily edition of Benzinga's PreMarket Prep.

Danial discussed why Advanced Micro Devices, Inc. (NASDAQ: AMD) remains one of her top picks, despite a more than 80 percent surge in the stock since she last recommended the stock.

Danial noted that Advanced Micro's top competitor, NVIDIA Corporation (NASDAQ: NVDA), is set to introduce its next-generation GTX 1080 and 1070 graphic card this quarter. She added that the introduction of a new competing product to Advanced Micro could result in a "turn-around" in the stock, but this might create an attractive buying point.

Related Link: "Pachter Factor" Talks Nintendo, Virtual Reality And Gaming Stocks

Danial continued that Advanced Micro's new graphic cards will be introduced to the market in the third quarter of this year. Accordingly, the stock could break above the $4 per share mark at that time and advance toward the $9 per share level.

Danial cited the large and lucrative virtual reality market, in which Advanced Micro is hoping to gain a commanding market share.

Advanced Micro was trading lower by 2.87 percent at $3.73 in Thursday's afternoon session, but shares have gained around 30 percent since the start of 2016 and 65 percent over the past year.

Listen to PreMarket Prep LIVE every morning from 8–9:30 a.m. ET here, and catch the podcast on Soundcloud, iTunes and Stitcher.

Latest Ratings for AMD

DateFirmActionFromTo
Jan 2020UpgradesNeutralBuy
Jan 2020MaintainsOverweight
Jan 2020MaintainsBuy

View More Analyst Ratings for AMD
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