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2 Reasons to Buy AMD Stock Right Now

TheMotleyFool

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Advanced Micro Devices (NASDAQ: AMD) stock got a nice shot in the arm recently after Bank of America reiterated its buy rating, indicating that the chipmaker still has room to run higher after its impressive show so far in 2020.

The investment bank expects AMD to hit $65 thanks to catalysts such as the launch of new gaming consoles from Sony and Microsoft. But don't be surprised to see the chipmaker upstage BofA's expectations, as it is sitting on more than just one potential growth driver. In this article, we will look at two reasons why AMD could break beyond Wall Street's estimate.

Image source: Getty Images

Source Fool.com

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