AMD Stock Is a Buy Thanks to This Improving Metric
It's been tough going for Advanced Micro Devices (NASDAQ: AMD) lately. Analysts and investors see the semiconductor maker lagging in the artificial intelligence (AI) chip market. Clearly, Nvidia benefited from a head start in this space, and its dominance has proven lucrative.
But that does not mean AMD is completely out of the competitive race. Its MI300 series of AI chips reaps benefits from its significant sales increases, and these sales appear to drive a critical metric that could prove lucrative for the semiconductor stock.
Let's see why AMD deserves a little more respect than it's been getting lately.
Source Fool.com
Advanced Micro Devices Inc. Stock
€134.76
0.370%
With 84 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 175 € shows a positive potential of 29.86% compared to the current price of 134.76 € for Advanced Micro Devices Inc..
