Is It Too Late to Buy AMD Stock?
2023 has been a fun year for companies in the realm of artificial intelligence (AI). As a leading maker of current and future AI-engine microchips, Advanced Micro Devices (NASDAQ: AMD) has seen its fair share of market interest.
The stock has gained 59% year-to-date. Even so, AMD's valuation sits at a modest 7.6 times trailing sales and 25 times forward earnings projections.
Is the chip designer running out of steam or does it still make sense to buy AMD stock today?
Source Fool.com
Advanced Micro Devices Inc. Stock
€138.46
1.550%
The stock is one of the favorites of our community with 88 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 27.11% for Advanced Micro Devices Inc. compared to the current price of 138.46 €.
