What's Going on With AMD Stock?
Despite soaring demand for artificial intelligence (AI) accelerators and market share gains in the PC and server CPU markets, shares of Advanced Micro Devices (NASDAQ: AMD) have been slumping over the past year. Since peaking in early 2024, AMD stock has plunged nearly 50%.
Revenue and earnings growth aren't the issue. For 2024, AMD reported a 14% jump in revenue and a 25% rise in adjusted earnings per share. AMD's fourth-quarter results were solid, beating expectations for revenue and including 69% growth and 58% growth in the data center and client segments, respectively. Long story short, things are generally going well for AMD.
The stock market has a different interpretation, sending shares of AMD lower following that fourth-quarter report. While the big picture looks good, there are a few issues that could be hurting the stock.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 4 Sell predictions.
With a target price of 526 € there is a positive potential of 22.74% for Advanced Micro Devices Inc. compared to the current price of 428.55 €.
