AMD is a stock with great potential, investors should consider the general market trend.

$Advanced Micro Devices(AMD.US)$
AMD has invested aggressively to gain access to huge market opportunities in data centers and cloud computing while continuing to be a technology leader in the graphics and gaming segment. Although the company has seen its market share in CPUs falling over the last few quarters, its upcoming Ryzen 7000 desktop chips have the potential to significantly boost its revenue.

The company has a very promising product pipeline, and its combined roadmap, together with the recent acquisitions, suggests that AMD has now set important milestones to massively increase its market share in multiple strong secular markets. My rather conservative valuation model prices the stock's fair value at $123.06, with a 25.46% upside potential from its last closing price.