Is AMD Stock a Buy Now?
Semiconductor designer Advanced Micro Devices (NASDAQ: AMD) has been swooning lately. Despite a robust price jump last Monday, AMD's stock is down more than 40% from its one-year high. With less than a week left in 2024, share prices have plunged 15% this year. Meanwhile, the S 500 (SNPINDEX: ^GSPC) stock market index gained 25% year to date.
Is AMD missing out on the artificial intelligence (AI) market boom, or is the stock a fantastic AI investment at these lower prices? On further review, a third option looks more correct -- AMD is a "hold" in my book.
Archrival Nvidia (NASDAQ: NVDA) is setting the standard for AI accelerator chips and how they are used in actual computing systems, but AMD is a leading challenger to that company's dominant position.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 213 € there is a positive potential of 20.54% for Advanced Micro Devices Inc. compared to the current price of 176.7 €.
