Is AMD Stock a Buy? 2 Things Investors Need to Know
Shares of Advanced Micro Devices (NASDAQ: AMD) have been in recovery mode this year, surging nearly 70% since the start of the year. The hype around artificial intelligence (AI) has undoubtedly driven some of these gains. While AMD's presence in the AI accelerator market is limited, the company is making a big push to grow that part of the business.
Should investors jump aboard AMD stock as it surges higher? There are a few important things to know before making a decision.
After a pandemic-era boom in PC sales, consumers and businesses have slammed on the brakes. Global PC shipments plunged 16.2% in 2022, according to Gartner, followed by a steeper 30% decline in the first quarter of 2023.
Source Fool.com
Advanced Micro Devices Inc. Stock
€130.70
1.370%
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 34.66% for Advanced Micro Devices Inc. compared to the current price of 130.7 €.
