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
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As a result the target price of 245 € shows a slightly positive potential of 16.06% compared to the current price of 211.1 € for Advanced Micro Devices Inc..
