Market Capitalization $10.5 Billion. Weekly Price: (US$) SMA (50) SMA (100) 1 Year 2 Years

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1 BUY HOLD SELL A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F Annual Dividend Rate BUSINESS DESCRIPTION Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. STOCK PERFORMANCE (%) 3 Mo. 1 Yr. 3 Yr (Ann) Price Change GROWTH (%) Last Qtr 12 Mo. 3 Yr CAGR Revenues Net Income EPS RETURN ON EQUITY (%) Ind Avg S&P 500 Q Q Q NM P/E COMPARISON Sector: Technology Sub-Industry: Semiconductors Source: S&P SDAQ: HOLD HOLD RATING SINCE 10/25/2017 Weekly Price: (US$) SMA (50) SMA (100) 1 Year 2 Years Rating History SELL Volume in Millions COMPUSTAT for Price and Volume, TheStreet Ratings, Inc. for Rating History n/m Ind Avg S&P 500 RECOMMENDATION We rate () a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing nesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. EPS ALYSIS¹ ($) Q Q Q Q Q Q Q Q Q Q Q HIGHLIGHTS The revenue growth came in higher than the industry average of 4.2%. Since the same quarter one year prior, revenues rose by 25.7%. Growth in the company's revenue appears to have helped boost the earnings per share. Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock = not available NM = not meaningful Compustat fiscal year convention is used for all fundamental data items % is the gross profit margin for which we consider to be. It has increased from the same quarter the previous year. Despite the results of the gross profit margin, 's net profit margin of 4.32% significantly trails the industry average. The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, ADVANCED MICRO DEVICES's return on equity significantly trails that of both the industry average and the S&P 500. The debt-to-equity ratio is very high at 2.74 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Even though the debt-to-equity ratio is, 's quick ratio is somewhat at 1.04, demonstrating the ability to handle short-term liquidity needs. Report Date: PAGE 1

2 SDAQ: PEER GROUP ALYSIS REVENUE GROWTH AND EBITDA MARGIN* Revenue Growth (TTM) -20% 60% UNFAVORABLE 5% EBITDA Margin (TTM) ON FSLR FAVORABLE SMI SWKS QRVO XLNX MXIM UMC MRVL 45% Companies with higher EBITDA margins and revenue growth rates are outperforming companies with lower EBITDA margins and revenue growth rates. Companies for this scatter plot have a market capitalization between $6.4 Billion and $19.2 Billion. Companies with or NM values do not appear. *EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization. REVENUE GROWTH AND EARNINGS YIELD Revenue Growth (TTM) -20% 60% FSLR -7.5% Earnings Yield (TTM) ON FAVORABLE SMI SWKS UNFAVORABLEQRVO XLNX MXIM UMC ASX MRVL 7.5% Companies that exhibit both a high earnings yield and high revenue growth are generally more attractive than companies with low revenue growth and low earnings yield. Companies for this scatter plot have revenue growth rates between -12.3% and 51.2%. Companies with or NM values do not appear. INDUSTRY ALYSIS The US semiconductors and semiconductor equipment industry is known for its technological advancements. The semiconductor market includes companies that manufacture and sell integrated circuits and discrete semiconductor devices. The semiconductor equipment market includes companies that manufacture and sell equipment for the production of semiconductor devices. About 5,000 companies operate in this industry, which has approximate annual revenue of $150 billion. The top 50 companies hold more than 70% of total market share. Major players are Intel (INTC), Texas Instruments (TXN), Qualcomm (QCOM), Micron Technology (MU), and Advanced Micro Devices (). The industry is cyclical and subject to supply/demand fluctuations and price erosion. After experiencing a downturn during the last recessionary period, the semiconductor market is building back on renewed demand. Demand for semiconductor products is indirect and driven by sales of personal computers, cell phones, consumer electronics devices, and other electronic equipment. The industry is capital-intensive and requires significant investments to advance technology and reduce manufacturing costs. Research and development expenses form a major part of capital expenditure and the industry spends over $15 billion annually. The industry is subject to various environmental regulations related to pollutant emissions, waste-water discharges, and the use of hazardous substances. The European Union s directives, such as the Restriction of Use of Certain Hazardous Substances and the Registration, Evaluation, Authorization, and Restriction of Chemicals are relevant to the manufacturing process. China, which represents the world s second largest semiconductor market and is a major importer of US products, also restricts the use of hazardous substances in electronic products. Although the industry is the second-largest exporting industry in the US, its global market share in chip production has eroded due to insufficient research funding, workforce challenges, and foreign incentives. The demand pattern has shifted production to low cost substitutes and shifted the demand centers to China, Taiwan, and the rest of Asia. There has also been a lateral shift of capital as research and development investments move away from the US to Asia. PEER GROUP: Semiconductors & Semiconductor Equipment Recent Market Price/ Net Sales Net Income Ticker Company Name Price ($) Cap ($M) Earnings TTM ($M) TTM ($M) ,507 NM 4, QRVO QORVO INC ,737 NM 2, ON ON SEMICONDUCTOR CORP , , SMI SEMICONDUCTOR MFG INTL CORP , , FSLR FIRST SOLAR INC ,485 NM 3, UMC UNITED MICROELECTRONICS CORP , , SWKS SKYWORKS SOLUTIONS INC , , , XLNX XILINX INC , , MXIM MAXIM INTEGRATED PRODUCTS , , ASX ADVANCED SEMICON ENGINEERIN , , MRVL MARVELL TECHNOLOGY GROUP LT , , The peer group comparison is based on Major Semiconductors companies of comparable size. Report Date: PAGE 2

3 SDAQ: Annual Dividend Rate COMPANY DESCRIPTION Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. Its primarily offers x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and professional graphics; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The company provides x86 microprocessors for desktop PCs under the A-Series, E-Series, FX CPU, Athlon CPU and APU, Sempron APU and CPU, and Pro A-Series APU brands; and microprocessors for notebook and 2-in-1s under the A-Series, E-Series, C-Series, Z-Series, FX APU, Phenom, Athlon CPU and APU, Turion, and Sempron APU and CPU brand names. It also offers chipsets with and without integrated graphics features for desktop, notebook PCs, and servers, as well as controller hub-based chipsets for its APUs under the brand; and PRO mobile and desktop PC solutions. In addition, the company provides discrete GPUs for desktop and notebook PCs under the Radeon brand; professional graphics products under the FirePro brand name; and customer-specific solutions based on 's CPU, GPU, and multi-media technologies. Further, it offers microprocessors for server platforms under the Opteron; embedded processor solutions for interactive digital signage, casino gaming, and medical imaging under the Opteron, Athlon, Sempron, Geode, R-Series, and G-Series brand names; and semi-custom SoC products that power the Sony Playstation 4, Microsoft Xbox One, and Xbox One S game consoles. The company sells its products through its direct sales force, independent distributors, and sales representatives. It primarily serves original equipment manufacturers, original design manufacturers, system builders, and independent distributors. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Sunnyvale, California. One Place Sunnyvale, CA USA Phone: Employees: 8000 STOCK-AT-A-GLANCE Below is a summary of the major fundamental and technical factors we consider when determining our overall recommendation of shares. It is provided in order to give you a deeper understanding of our rating methodology as well as to paint a more complete picture of a stock's strengths and nesses. It is important to note, however, that these factors only tell part of the story. To gain an even more comprehensive understanding of our stance on the stock, these factors must be assessed in combination with the stock s valuation. Please refer to our Valuation section on page 5 for further information. FACTOR SCORE Growth 2.0 out of 5 stars Measures the growth of both the company's income statement and cash flow. On this factor, has a growth score better than 30% of the stocks we rate. Total Return 2.5 out of 5 stars Measures the historical price movement of the stock. The stock performance of this company has beaten 40% of the companies we cover. Efficiency 1.0 out of 5 stars Measures the strength and historic growth of a company's return on invested capital. The company has generated more income per dollar of capital than 10% of the companies we review. Price volatility 3.0 out of 5 stars Measures the volatility of the company's stock price historically. The stock is less volatile than 50% of the stocks we monitor. Solvency 1.0 out of 5 stars Measures the solvency of the company based on several ratios. The company is more solvent than 10% of the companies we analyze. Income 0.5 out of 5 stars Measures dividend yield and payouts to shareholders. This company pays no dividends. THESTREET RATINGS RESEARCH METHODOLOGY TheStreet Ratings' stock model projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Our Buy, Hold or Sell ratings designate how we expect these stocks to perform against a general benchmark of the equities market and interest rates. While our model is quantitative, it utilizes both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings. Objective elements include volatility of past operating revenues, financial strength, and company cash flows. Our model gauges the relationship between risk and reward in several ways, including: the pricing drawdown as compared to potential profit volatility, i.e.how much one is willing to risk in order to earn profits; the level of acceptable volatility for highly performing stocks; the current valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's valuation as compared to projected earnings growth; and the financial strength of the underlying company as compared to its stock's performance. These and many more derived observations are then combined, ranked, weighted, and scenario-tested to create a more complete analysis. The result is a systematic and disciplined method of selecting stocks. Report Date: PAGE 3

4 SDAQ: Consensus EPS Estimates² ($) IBES consensus estimates are provided by Thomson Financial FINCIAL ALYSIS 's gross profit margin for the third quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. has average liquidity. Currently, the Quick Ratio is 1.04 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year Q4 FY E 2017(E) 0.33 E 2018(E) At the same time, stockholders' equity ("net worth") has greatly increased by 35.06% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future. INCOME STATEMENT Net Sales ($mil) 1, , EBITDA ($mil) EBIT ($mil) Net Income ($mil) STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit BALANCE SHEET Cash & Equiv. ($mil) , Total Assets ($mil) 3, , Total Debt ($mil) 1, , Equity ($mil) PROFITABILITY Gross Profit Margin 37.07% 33.05% EBITDA Margin 9.86% 4.28% Operating Margin 7.67% 1.76% Sales Turnover Return on Assets -1.92% % Return on Equity % % DEBT Current Ratio Debt/Capital Interest Expense Interest Coverage SHARE DATA Shares outstanding (mil) Div / share EPS Book value / share Institutional Own % Avg Daily Volume 56,896,637 78,930,743 2 Sum of quarterly figures may not match annual estimates due to use of median consensus estimates. Report Date: PAGE 4

5 SDAQ: RATINGS HISTORY Our rating for was recently upgraded from Sell to Hold on 10/25/2017. As of 11/30/2017, the stock was trading at a price of which is 30.4% below its 52-week high of $15.65 and 31.8% above its 52-week low of $ Year Chart SELL: $ HOLD: $12.33 $15 $10 MOST RECENT RATINGS CHANGES Date Price Action From To 10/25/17 $12.33 Upgrade Sell Hold 11/30/15 $2.36 No Change Sell Sell Price reflects the closing price as of the date listed, if available RATINGS DEFINITIONS & DISTRIBUTION OF THESTREET RATINGS (as of 11/30/2017) 44.19% Buy - We believe that this stock has the opportunity to appreciate and produce a total return of more than 10% over the next 12 months % Hold - We do not believe this stock offers conclusive evidence to warrant the purchase or sale of shares at this time and that its likelihood of positive total return is roughly in balance with the risk of loss % Sell - We believe that this stock is likely to decline by more than 10% over the next 12 months, with the risk involved too great to compensate for any possible returns. TheStreet Ratings 14 Wall Street, 15th Floor New York, NY Research Contact: Sales Contact: $5 VALUATION HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of indicates a significant premium versus the S&P 500 average of 3.24 and a significant premium versus the industry average of The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. After reviewing these and other key valuation criteria, proves to trade at a premium to investment alternatives within the industry. Price/Earnings NM Peers Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. 's P/E is negative making this valuation measure meaningless. Price/Projected Earnings Peers Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. is trading at a significant premium to its peers. Price/Book Peers 5.89 Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. is trading at a significant premium to its peers. Price/Sales 2.12 Peers 5.73 Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. is trading at a significant discount to its industry on this measurement. DISCLAIMER: Price/CashFlow NM Peers Neutral. The P/CF ratio, a stock s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. 's P/CF is negative making the measure meaningless. Price to Earnings/Growth Peers 0.80 Neutral. The PEG ratio is the stock s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. Earnings Growth lower higher Peers Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, is expected to significantly trail its peers on the basis of its earnings growth rate. Sales Growth lower higher Peers Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share. is keeping pace with its peers on the basis of sales growth. The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but TheStreet Ratings cannot guarantee its accuracy and completeness, and that of the opinions based thereon. Data is provided via the COMPUSTAT Xpressfeed product from Standard &Poor's, a division of The McGraw-Hill Companies, Inc., as well as other third-party data providers. TheStreet Ratings is a division of TheStreet, Inc., which is a publisher. This research report contains opinions and is provided for informational purposes only. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional, before you make any investment. None of the information contained in this report constitutes, or is intended to constitute a recommendation by TheStreet Ratings of any particular security or trading strategy or a determination by TheStreet Ratings that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Your use of this report is governed by TheStreet, Inc.'s Terms of Use found at Report Date: PAGE 5