Is AMD Stock a Buy Now?
Advanced Micro Devices (NASDAQ: AMD) has had a forgettable run in the past year. As of this writing, the chipmaker has lost 35% of its value, which is in stark contrast to the 23% gains logged by the PHLX Semiconductor Sector index over the same period.
AMD's inability to jump on the artificial intelligence (AI) bandwagon at a time when such peers as Nvidia and Broadcom witnessed a remarkable surge in demand for their AI chips is one of the biggest reasons the stock has been underperforming. As it turns out, AMD reportedly controls only around 5% of the AI chip market, while Nvidia's share stands at a massive 84%.
Moreover, AMD's product development moves haven't been good enough to help it dent Nvidia's dominance. At the same time, AMD's financial performance has been improving of late, suggesting it may be worth buying. The company has a solid set of catalysts that can come together and turn its fortunes around on the stock market.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Bei der Aktie stehen derzeit 109 Buy-Einschätzungen 5 Sell-Einschätzungen gegenüber. Das Sentiment ist also durchaus positiv.
Ein prognostiziertes Kursziel von 521 € für Advanced Micro Devices Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 419.4 €.
