If You Invested $1,000 in AMD in 2022, This Is How Much You Would Have Today
's (NASDAQ: AMD) stock closed at a record high of $161.91 on Nov. 29, 2021. At the time, the bulls were impressed by its robust sales of CPUs, GPUs, and embedded chips. But by Oct. 13, 2022, its stock had sunk to a two-year low of $54.57.
The bulls retreated as the post-pandemic slowdown in PC sales curbed its growth and rising interest rates compressed its valuations. But after bottoming out, AMD's stock surged to about $110 today -- which would have doubled a $1,000 investment into over $2,000 in just nine months. Let's see why AMD bounced back so quickly -- and if it still has room to run.
Image source: AMD.
Source Fool.com
Advanced Micro Devices Inc. Stock
€141.42
0.940%
With 88 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 178 € shows a positive potential of 25.87% compared to the current price of 141.42 € for Advanced Micro Devices Inc..
