Better Growth Stock: AMD vs. Intel
Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) have been beneficiaries of the solid surge in semiconductor stocks this year despite both companies being hamstrung by weak sales of personal computers (PCs).
While AMD stock is up an impressive 88% in 2023, Intel isn't far behind, with a 66% jump so far this year. Both stocks outperformed the PHLX Semiconductor Sector index's gains of 48% this year. But if you are thinking of buying one of these semiconductor stocks right now, which one should you put your money on? Let's find out.
There are two solid reasons why investors may want to load up on AMD stock right now: a turnaround in the PC market and the potential growth of the company's data center GPU (graphics processing unit) business thanks to artificial intelligence (AI).
Source Fool.com
Advanced Micro Devices Inc. Stock
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 113 Buy predictions and 5 Sell predictions.
As a result the target price of 520 € shows a positive potential of 22.37% compared to the current price of 424.95 € for Advanced Micro Devices Inc..
