Where Will AMD Stock Be in 3 Years?
Stocks have been in a bull market since October 2022. Coincidentally, about a month later in November 2022, the world was introduced to ChatGPT, sparking a generational movement among investors who were chasing anything and everything related to artificial intelligence (AI).
Among opportunities in the AI realm, perhaps none have witnessed more gains than semiconductor stocks. Since October 2022, the VanEck Semiconductor ETF has returned 194% -- absolutely dominating the Nasdaq Composite's return of 88% and the S 500's gain of 68%.
Chief among the chip stocks is Nvidia, which has soared by 1,100% since the beginning of the current bull market. By contrast, Nvidia's top rival, Advanced Micro Devices (NASDAQ: AMD), has returned 110% over the course of the bull market. This isn't anything to turn your back on, but it's not even in the same league as Nvidia. With that said, I think shares of AMD could be on the brink of their own Nvidia-esque run.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 213 € there is a slightly positive potential of 18.06% for Advanced Micro Devices Inc. compared to the current price of 180.42 €.
