1 Green Flag and 1 Red Flag for AMD in 2023
Demand for chips is likely to soar in the coming years as markets such as artificial intelligence (AI), cloud computing, and virtual/augmented reality expand. That makes semiconductor companies like Advanced Micro Devices (NASDAQ: AMD) attractive investments.
AMD initially made a name for itself by producing effective components for the PC market, which allowed it to win considerable market share from Intel. However, its expansion into other areas such as chips for data centers and semi-custom chips has strengthened its business and helped it ink partnerships with some of the biggest names in the industry.
While there's plenty to appreciate about AMD, some investors have started to fear it's falling behind in a crucial market as its biggest competitor, Nvidia, takes the lead in AI.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 81 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 179 € shows a slightly positive potential of 19.7% compared to the current price of 149.54 € for Advanced Micro Devices Inc..
