Advanced Micro Devices

• A blockchain token designed to track the price of Advanced Micro Devices, Inc. (NASDAQ: AMD).

• It is not a share. Holding the token does not confer ownership of the company, voting rights, or a direct claim against it.

• It offers fractional, round-the-clock price exposure without opening a foreign brokerage account. For the full process, see our guide on how to buy AMD stock in India.

• Founded: 1969

• Headquarters: Santa Clara, California, United States

• CEO: Lisa Su

• Listed on: Nasdaq (AMD)

• Sector: Semiconductors

• AMD designs central processors and graphics processors, competing with Intel in CPUs and NVIDIA in accelerators.

• Its server CPU line has taken meaningful data centre share over the past several years.

• The Instinct accelerator range is its entry into the AI training market.

• Data Center, covering EPYC server CPUs and Instinct AI accelerators, is the largest and fastest-growing segment.

• Client sells Ryzen processors for desktops and laptops.

• Gaming covers Radeon graphics and custom chips for game consoles.

• Embedded, built largely on the Xilinx acquisition, sells adaptable chips for industrial, automotive and communications uses.

• You get price exposure to the underlying instrument.

• You do not get shareholder voting rights.

• Dividend or distribution treatment depends on the issuer's structure and is often not passed through.

• You take on issuer and custodian risk in addition to the price risk of the underlying.

Pros:

• It competes across CPUs, GPUs and adaptable chips, which few rivals can match.

• EPYC has steadily gained server market share.

• Instinct gives large AI buyers an alternative to NVIDIA, and AMD has signed multi-year supply agreements with major AI customers.

Cons:

• NVIDIA's software ecosystem remains a significant barrier in AI accelerators.

• It depends on TSMC to manufacture its leading chips.

• Export controls restrict sales of advanced accelerators to China.

• Counterparty risk: if the issuer or custodian fails, the backing may not be recoverable.

• Tracking risk: the token price can diverge from the underlying, particularly outside US market hours when the underlying does not trade.

• Liquidity risk: on-chain liquidity is thinner than the underlying market, so spreads can widen sharply.

• Regulatory risk: India does not yet have a settled framework for tokenised equities, and tax treatment remains unclear.

• Price risk specific to the underlying instrument. For possible price paths, see our AMD stock price prediction.