What to Expect From Advanced Micro Devices, Inc. in 2018
AMD (NASDAQ: AMD), one of the hottest chip stocks of 2016, slumped more than 10% this year as rivals Intel (NASDAQ: INTC) and NVIDIA (NASDAQ: NVDA) struck back with new chips. On the surface, AMD's growth still looks solid -- analysts expect its revenue to rise 23% this year and for it to achieve non-GAAP profitability after two straight years of losses.
However, its outlook for 2018 looks murkier. Analysts expect its sales growth to slow to 12% for the year but for its non-GAAP earnings to nearly triple on tighter cost controls. Let's examine the four main areas for AMD's businesses investors should watch next year.
Image source: AMD.
Source: Fool.com
Advanced Micro Devices Inc. Stock
€151.26
0.960%
With 81 Buy predictions and 1 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 177 € shows a slightly positive potential of 17.02% compared to the current price of 151.26 € for Advanced Micro Devices Inc..
