1 Reason to Buy AMD Stock, and 1 Reason to Stay Away
Since the beginning of 2016, shares of Advanced Micro Devices (NASDAQ: AMD) have staged a rally that has left nearly every other stock in the dust. Investors have enjoyed a 360% return in less than two years, brought on by optimism about the company's new products and despite a long stretch of losses.
With AMD's market capitalization near a decade high, can the stock possibly keep moving higher? The good news for investors is that the company's new products are its most competitive in years, and that may be enough to drive more gains. The bad news: The stock price already bakes in so much optimism that there may be nowhere to go but down.
Image source: AMD.
Source: Fool.com