Is Advanced Micro Devices (AMD) Stock a Buy?
Chip company Advanced Micro Devices (NASDAQ: AMD) has been relegated to second fiddle to Nvidia (NASDAQ: NVDA) in the artificial intelligence (AI) craze. The stock's 40% returns over the past year aren't anything to sneeze at, but they pale in comparison to Nvidia's triple-digit performance.
Whether the stock has further upside depends on how much AI can impact AMD's business over the coming years.
Big things are happening at AMD, and this long-term investor is going deep into the company's finances to determine if it's good enough to justify buying the stock now.
Source Fool.com
Advanced Micro Devices Inc. Stock
€204.95
-1.840%
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 242 € there is a slightly positive potential of 18.08% for Advanced Micro Devices Inc. compared to the current price of 204.95 €.
