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Missed Out on Nvidia? Buy AMD Stock Instead.

TheMotleyFool 
0 0 08.08.24
Missed Out on Nvidia? Buy AMD Stock Instead.Photo, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have enjoyed contrasting fortunes on the stock market in 2024 so far. While one of these semiconductor stocks delivered stellar gains, the other has not received much love on Wall Street.

Nvidia stock is up more than 116% in 2024, while AMD has underperformed the PHLX Semiconductor Sector index by a wide margin. This is evident from the chart below.

^SOX Chart

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Source Fool.com

Advanced Micro Devices Inc. Stock

€444.20
6.000%
A very strong showing by Advanced Micro Devices Inc. today, with an increase of €25.15 (6.000%) compared to yesterday's price.
The stock is one of the favorites of our community with 104 Buy predictions and 4 Sell predictions.
With a target price of 526 € there is a slightly positive potential of 18.42% for Advanced Micro Devices Inc. compared to the current price of 444.2 €.
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