Advanced Micro Devices (AMD): The Radeon R9 290 Graphics Card Plus Other News or Events

Its been a bumpy ride for both short term and long term investors and traders alike in Advanced Micro Devices, Inc (NYSE: AMD) – including us because we have had the stock in our SmallCap Network Elite Opportunity (SCN EO) portfolio since last summer and we have seen our position make good gains only to twice see those gains evaporate after two quarterly earnings reports that did not live up to the lofty expectations of some bulls. Nevertheless, there is reason to be optimistic if you consider the following good news:

AMD Radeon R9 290 Graphics Card. Yesterday, Advanced Micro Devices launched its AMD Radeon™ R9 290 graphics card at a starting price of $399 and EUR 289 (excluding VAT) and there are already positive reviews for the card on AnandTech, Forbes (AMD Disrupts GPU Market Again With $399 Radeon R9 290), HotHardware, PC World and TechSpot. The verdict? The R9 290 not only continues to outperform the Nvidia GTX 780, but it also undercuts it by $100 - meaning NVIDIA Corporation (NASDAQ: NVDA) will either have to answer with a price cut or come up with a higher-performing, cheaper card. Cramer's Advice. For what his advice might be worth, Jim Cramer, the host of CNBC's Mad Money, has just noted that while AMD has been a disappointment this year, he pointed out that the company's products will be in both Sony Corporation's (NYSE: SNE) PlayStation 4 and Microsoft Corporation's (NASDAQ: MSFT) Xbox One consoles which he hopes will pave the way for what should be a strong quarter. However, Cramer also added that if the quarter comes in weaker than expected, investors should look elsewhere to put their money to work.  Upcoming Investor Conferences or Summits. Various Advanced Micro Devices' executives will be presenting at upcoming conferences with Devinder Kumar, senior vice president and chief financial officer, presenting at the Credit Suisse Annual Technology Conference on December 3 at 2:00 PM; John Byrne, senior vice president and chief sales officer, will present at the Raymond James Semiconductors, Software and Supply Chain Investor Conference on December 10th at 9:40 AM EST; and John Byrne will present at the BMO Capital Markets 2013 Technology & Digital Media Conference on December 11 at 9:30 AM EST. It should be remembered that investor conference presentations are often highly anticipated because they can move a stock – in either direction. Moreover, Advanced Micro Devices will webcast keynote presentations taking place at the 2013 AMD Developer Summit, "APU13", being held in San Jose on November 11 through the 13th with the schedule available here. Webcast replays of Keynote presentations will also be accessible on AMD's YouTube channel. Share Performance. Advanced Micro Devices is up 38.5% since the start of the year, up 60.6% over the past year and down 5% over the past five years with the long-term chart showing the bumpy ride longer term investors have experienced with the stock:

However, the most recent technical chart for AMD is not looking so bullish:

All things considered though, there are still plenty of reasons to remain cautiously bullish and to pay close attention to any news surrounding Advanced Micro Devices.  

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