Why Advanced Micro Devices Fell 18.1% in 2024
Shares of Advanced Micro Devices (NASDAQ: AMD) fell 18.1% in 2024, according to data from S&P Global Market Intelligence.
It may seem odd that AMD fell so much in 2024 given the outperformance of some of its AI-oriented semiconductor peers. Moreover, AMD met or beat revenue and earnings expectations on every one of its earnings releases last year.
The problem, therefore, may merely have been one of too-high expectations. After all, in 2023, AMD's stock rallied 127.6%. So it may not have been surprising that AMD took a step back last year, given high bar management had to clear.
Source Fool.com
Advanced Micro Devices Inc. Stock
€433.25
2.950%
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 109 Buy predictions and 5 Sell predictions.
As a result the target price of 516 € shows a slightly positive potential of 19.1% compared to the current price of 433.25 € for Advanced Micro Devices Inc..
