Is Advanced Micro Devices Stock a Buy?
One of the more tantalizing stocks following the recent market sell-off is Advanced Micro Devices (NASDAQ: AMD). Shares are down about 40% over the past year as of this writing, despite the chipmaker's strong revenue growth related to artificial intelligence (AI) over the past year.
However, the question is: Can AMD's stock bounce back and be a worthwhile investment.
When investors look at AMD, they tend to focus on the company's position as the No. 2 player in graphics processing units (GPUs) behind leader Nvidia. Given how successful Nvidia has been, it is tempting to imagine AMD eventually capturing more market share and competing better versus Nvidia.
Source Fool.com
Advanced Micro Devices Inc. Stock
€174.60
0.560%
The stock is one of the favorites of our community with 107 Buy predictions and 2 Sell predictions.
With a target price of 229 € there is a positive potential of 31.16% for Advanced Micro Devices Inc. compared to the current price of 174.6 €.
