Is AMD Stock a Buy?
Advanced Micro Devices (NASDAQ: AMD) has rallied investors this year, with its shares up around 70% since Jan. 1. Wall Street has grown bullish about the company's growth prospects in artificial intelligence (AI) and the overall trajectory of its business.
As a leading chipmaker, AMD has the potential to profit from multiple tech sectors in the coming years. The company's hardware currently powers a wide variety of devices and platforms, from cloud services to AI models, game consoles, laptops, and more.
Moreover, despite the recent rally, the company's shares were down 31% from the all-time high reached in November 2021, suggesting plenty of room for growth. Here's why AMD stock is an attractive buy in 2023.
Source Fool.com
Advanced Micro Devices Inc. Stock
€127.76
-0.340%
The stock is one of the favorites of our community with 85 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 36.98% for Advanced Micro Devices Inc. compared to the current price of 127.76 €.
