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2 Tech Stocks Under $3 To Watch After Markets Free Fall

In the chip processing space, Advanced Micro Devices is no stranger to being a company with a low market capitalization. Valued at $1.71 billion, the company is winning supply contracts with companies like Hewlett Packard (HPQ). AMD will be powering HP Moonshot servers. The servers will use AMD’s Kyoto CPU.

AMD could also be the SoC (system-on-a-chip) supplier for Microsoft’s next Xbox.

OCZ, AMD, and other Storage Suppliers by Market Capitalization:

Risks

Product marginalization for processors remains a risk for AMD. The company announced turnaround plans repeatedly over the years. Still, for 2013 and beyond, APUs are promising and supplying to the broader market beyond desktop computers should be taken into consideration.

Conclusion

Weak PC shipment figures from IDC that indicated a decline of 13.9% in Q1 scared investors away from AMD. Investors are forgetting that even though Windows 8 sales were underwhelming, support for XP will end next year. Corporations upgrading desktops may choose lower-cost AMD-powered machines. AMD is financially healthy to operate under deteriorating conditions. Investors with the stomach to weather the volatility could be rewarded as early as next year.

Written by Chris Lau, KAPITALL Contributor

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