If You Invested $1,000 in AMD in 2022, This Is How Much You Would Have Today
's (NASDAQ: AMD) stock closed at a record high of $161.91 on Nov. 29, 2021. At the time, the bulls were impressed by its robust sales of CPUs, GPUs, and embedded chips. But by Oct. 13, 2022, its stock had sunk to a two-year low of $54.57.
The bulls retreated as the post-pandemic slowdown in PC sales curbed its growth and rising interest rates compressed its valuations. But after bottoming out, AMD's stock surged to about $110 today -- which would have doubled a $1,000 investment into over $2,000 in just nine months. Let's see why AMD bounced back so quickly -- and if it still has room to run.
Image source: AMD.
Source Fool.com
Advanced Micro Devices Inc. Aktie
140,76 €
0,47 %
Hohe Buy- und niedrige Sell-Zahlen bei Advanced Micro Devices Inc. zeigen ein stark positives Sentiment.
Das Kursziel von 178 € für Advanced Micro Devices Inc. weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 140.76 € hin.
