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The Unexpected Bull Case for AMD Stock

TheMotleyFool 
0 0 30.10.25
The Unexpected Bull Case for AMD StockPhoto, 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
 

As investors focused on artificial intelligence (AI) know, Advanced Micro Devices (NASDAQ: AMD) stock has been on fire in recent weeks. Deals with companies such as OpenAI and Oracle affirmed its critical role in the AI industry, and if the past gains of Nvidia (NASDAQ: NVDA) are any indication, AMD may have significantly more room to run.

More importantly to investors, AMD's success also aligns with critical investment advice from one of the more prominent investors of the late 20th century. Not only does that advice apply today, but it could also help make AMD one of the more successful AI stocks in the coming years, and here's why.

Image source: Advanced Micro Devices.

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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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