Will AMD Stock Go Parabolic After Aug. 5?
AMD (NASDAQ: AMD) has taken a back seat to its peer Nvidia (NASDAQ: NVDA) as it doesn't have nearly the data center dominance. AMD has often seemed to play second fiddle to its competitors, but sometimes this second-place position can still deliver market-crushing returns.
On Aug. 5, AMD will release its quarterly earnings, and if it presents the right key points, AMD stock could experience a parabolic rise, increasing rapidly in a very short time frame. But is this realistic? Or has the growth already been priced into AMD's stock?
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Source Fool.com
Advanced Micro Devices Inc. Stock
€219.65
1.690%
The stock is one of the favorites of our community with 108 Buy predictions and 3 Sell predictions.
With a target price of 242 € there is a slightly positive potential of 10.18% for Advanced Micro Devices Inc. compared to the current price of 219.65 €.
