Is AMD Stock a Buy Now?
The arrival of artificial intelligence (AI) into the mainstream has supercharged shares of semiconductor giant Advanced Micro Devices (NASDAQ: AMD). Last December, the stock was at a 52-week low of $116.37, but in 2024, it topped $227.30.
Since reaching that record high in March, AMD's share price has pulled back, and the stock was down about 6% in 2024 through Nov. 18.
Given that price decline, does this mean the fervor over AI is done? Or is the stock's drop a signal that now is the time to buy? Let's examine the company in detail to help you decide.
Source Fool.com
Advanced Micro Devices Inc. Stock
€169.80
-1.600%
The stock is one of the favorites of our community with 106 Buy predictions and 2 Sell predictions.
With a target price of 229 € there is a positive potential of 34.86% for Advanced Micro Devices Inc. compared to the current price of 169.8 €.
