Where Will AMD Stock Be in 3 Years?
The past three years have been complicated for Advanced Micro Devices (NASDAQ: AMD) investors. Shares of the chipmaker have remained under pressure due to weakness in the personal computer (PC) market; at the same time, tough competition from rival Nvidia in the gaming and data center graphics cards segments has also dented investor confidence in the stock.
As it turns out, AMD shares have gained 44% over the past three years, underperforming the PHLX Semiconductor Sector index's 56% gains. However, it won't be surprising if the company's fortunes turn around over the next three years.
PC shipments fell almost 14% in 2023, according to IDC, following a 16.6% decline in 2022. However, the PC market has started to recover over the past few quarters. IDC reports that the PC market recorded 3% year-over-year growth in the second quarter, following a 1.5% jump in Q1. That recovery is likely to get stronger in the future thanks to the growing buzz around artificial intelligence (AI)-enabled PCs.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Und Advanced Micro Devices Inc. steht derzeit mit 86 Buy-Einschätzungen und 2 Sell-Einschätzungen bei unserer Community gut im Kurs.
Ein prognostiziertes Kursziel von 179 € für Advanced Micro Devices Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 147.2 €.
