Is It Too Late to Buy AMD Stock?
The advent of artificial intelligence (AI) in 2023 meant potent computer processing power was suddenly in high demand. This was a boon for semiconductor chipmaker Advanced Micro Devices (NASDAQ: AMD), which produces high-performance chips well suited to AI.
This hunger for AI products helped to drive the company's stock price from a 52-week low of $67.27 last January to a high of $151.05 by December. So, does AMD's dramatic stock price surge mean it's now too late to buy shares?
As 2024 kicks off, the stock remains near its 52-week high. But could it potentially rise even higher? Digging into the company can help to assess whether AMD is a worthwhile investment.
Source Fool.com
Advanced Micro Devices Inc. Stock
€128.94
0.830%
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 36.5% for Advanced Micro Devices Inc. compared to the current price of 128.94 €.
