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
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 €.