Should You Buy the Dip in AMD Stock?
Following a sharp rebound in 2023, the capital markets have been scorching hot this year -- with the S 500 and Nasdaq Composite gaining 24% and 30%, respectively, as of market close on Dec. 20.
Of course, this year's hottest investment theme -- artificial intelligence (AI) -- remained unchanged from 2023. Within the AI realm, semiconductor stocks have generated some of the most lucrative returns over the last couple of years.
But one stock that hasn't seemed to captivate investors is Nvidia's chief rival, Advanced Micro Devices (NASDAQ: AMD). As of this writing, shares of AMD have fallen by 19% this year. When compared to Nvidia's return of 172%, investing in AMD looks like a tough sell.
Source Fool.com
Advanced Micro Devices Inc. Stock
€171.50
1.590%
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 181 € there is a slightly positive potential of 5.54% for Advanced Micro Devices Inc. compared to the current price of 171.5 €.
