Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

Advanced Micro Devices / Equity Bottom-Up

<ul>
<li>AMD continued to deliver astonishing top-line growth numbers over the past year, reaching more than 90% in the last quarter.</li>
<li>Contrary to the outstanding operational performance, share price underperformed the market on a risk-adjusted basis.</li>
<li>High-growth expectations already built into the price are largely to blame, while the cyclical nature of the industry should also be considered.</li>
</ul>


AMD continued to deliver astonishing top-line growth numbers over the past year, reaching more than 90% in the last quarter.
Contrary to the outstanding operational performance, share price underperformed the market on a risk-adjusted basis.
High-growth expectations already built into the price are largely to blame, while the cyclical nature of the industry should also be considered.


United States

Xilinx, Inc. designs, develops, and markets complete programmable logic solutions. The Company's solutions include advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic, and field engineering support. Xilinx sells its products through several channels of distribution to customers in the United States and overseas.

Xilinx Inc (XLNX US)

AMD: Still Too Expensive

AMD continued to deliver astonishing top-line growth numbers over the past year, reaching more than 90% in the last quarter. Contrary to the...

Vladimir Dimitrov, CFA