Is It Too Late to Buy AMD Stock?
Advanced Micro Devices (NASDAQ: AMD) has been a big winner in artificial intelligence (AI) boom. The chip designer's stock has gained 107% since OpenAI launched the game-changing ChatGPT platform. While that price climb can't compare to AI market darlings Nvidia (NASDAQ: NVDA) and Super Micro Computers (NASDAQ: SMCI), it's a market-stomping performance.
Less than 30 stocks among the 503 members of the S&P 500 (SNPINDEX: ^GSPC) index have done better in this period, and the index itself "only" gained 41%. The index gain works out to a compound annual growth rate (CAGR) of 21.8%. If I could match that soaring speed over a full decade, I'd turn a $1,000 investment into a $7,200 return. And AMD is smoking that wealth-building S&P 500 return right now.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 87 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 30.99% for Advanced Micro Devices Inc. compared to the current price of 134.36 €.
