Where Will AMD Stock Be in 2025?
This has been a forgettable year for Advanced Micro Devices (NASDAQ: AMD) investors. Shares of the semiconductor specialist are down 4% so far in 2024, while the PHLX Semiconductor Sector index has recorded impressive gains of almost 20% as of this writing.
More bad news was in the offing for AMD investors when the company released third-quarter results on Oct. 29. Though it reported healthy year-over-year growth in revenue and earnings, Wall Street was unimpressed by the company's progress in the artificial intelligence (AI) chip market. A weaker-than-expected guidance didn't help matters either, as AMD stock tumbled over 10% following the release of its earnings.
However, a closer look at AMD's quarterly report indicates that the sell-off could be overdone. This could be an opportunity for savvy investors to buy the stock, as it may be able to deliver a much-improved performance in 2025. Let's look at the reasons why that may be the case.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 245 € there is a slightly positive potential of 13.27% for Advanced Micro Devices Inc. compared to the current price of 216.3 €.
