• Brett Schafer

Jose Najarro On What Interests Him About Advanced Micro Devices (Ticker: AMD)



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Show Notes


This week we brought on Jose Najarro from the Motley Fool and his own YouTube channel to discuss Advanced Micro Devices. Jose is an electrical engineer by training so he knows the ins and outs of the semiconductor industry quite well. Here are some questions we asked him:


  1. How did you first come across AMD as an investment? When did you start getting interested in the semiconductor space?

  2. AMD recently broke out its revenue into four different segments. Can you explain each? What is the most important to its success going forward?

  3. Why has AMD had success over peers, specifically Intel, this decade? What changed?

  4. Thoughts on the management team

  5. Why invest in AMD instead of TSMC? Do you worry about the power dynamics in that relationship?

  6. AMD has made some recent acquisitions. What did those bring to the table? Are they important to AMD’s strategy going forward? Thoughts on this capital allocation strategy in general

  7. Discussion on cyclicality

  8. How do you think about valuation for AMD?

  9. Premortem: Why would AMD make a poor investment over the next 5 years? I.e. What could go wrong?

Disclosure: The author and podcast guests are not your financial advisors. Ryan Henderson and Brett Schafer are general partners and portfolio managers at Arch Capital. Clients of Arch Capital may hold securities discussed on this show.

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