Here's Why Nvidia and AMD Are Set to Skyrocket in 2024
Semiconductor stocks outperformed the broader market by a wide margin in 2023, which is evident from the 66% gain clocked by the PHLX Semiconductor Sector index as compared to the 24% gain of the S&P 500 index as of Dec. 27.
Booming demand for artificial intelligence (AI) chips played a key role in driving the impressive surge in semiconductor stocks this year. Not surprisingly, prominent semiconductor companies such as Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have delivered healthy gains to shareholders in 2023.
Source Fool.com
Advanced Micro Devices Inc. Stock
€131.58
2.050%
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 33.76% for Advanced Micro Devices Inc. compared to the current price of 131.58 €.
