1 Green Flag for AMD in 2023, and 1 Red Flag
Investors in Advanced Micro Devices (NASDAQ: AMD) have enjoyed healthy gains in 2023 as shares of the chipmaker have surged 70% so far.
There's a solid reason AMD might be able to sustain its impressive rally for the rest of 2023. But before we discuss that potential catalyst, you need to know about a major red flag that could wreck this high-flying semiconductor stock's momentum.
AMD's 2023 surge has been fueled by the broader optimism in the semiconductor industry, which is getting a boost thanks to the growing adoption of artificial intelligence (AI). But the company's financial performance doesn't justify the stock's surge.
Source Fool.com
Advanced Micro Devices Inc. Stock
€134.36
2.370%
The stock is one of the favorites of our community with 87 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 30.99% for Advanced Micro Devices Inc. compared to the current price of 134.36 €.
