Semiconductor chipmaker Advanced Micro Devices (NASDAQ: AMD) has benefited from the rise of artificial intelligence (AI). Demand for the company's AI-tailored chips spurred its stock to skyrocket from under $100 per share last year to a 52-week high of $227.30 in March.
But after the company announced earnings for its fiscal first quarter, which ended March 30, AMD's shares experienced a drop. Does this create an opportunity to pick up shares? Or do reasons exist to hold off buying?
To get to an answer, it's necessary to see where AMD is at currently. Then, couple that with an assessment of its potential for business growth in the years to come.
Source Fool.com