Is Advanced Micro Devices (AMD) Stock a Buy Now?
Semiconductor company Advanced Micro Devices (NASDAQ: AMD) recently reported second-quarter earnings. While archrival Nvidia posted triple-digit revenue growth on AI tailwinds in recent quarters, some laggards in AMD's business have muffled its top-line performance.
However, there are signs that AMD is becoming increasingly competitive in AI, which could accelerate the company's total growth.
With shares down over 30% from their high, this could be an excellent opportunity to buy a stock with multiple growth opportunities ahead.
Source Fool.com
Advanced Micro Devices Inc. Stock
€129.40
-0.110%
The stock is one of the favorites of our community with 89 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 35.24% for Advanced Micro Devices Inc. compared to the current price of 129.4 €.
