Why This Is the Best Time to Buy AMD Stock
If you're looking to buy a fast-growing company trading at an attractive valuation, there's no need to look further than Advanced Micro Devices (NASDAQ: AMD). The chipmaker has been delivering consistently terrific results quarter after quarter, and it kept that trend going when it released its Q1 report last week.
AMD's revenue and earnings blew past Wall Street's estimates. Non-GAAP earnings nearly tripled year over year to $0.52 per share, while the top line almost doubled to $3.45 billion from $1.79 billion in the prior-year period. This is a big step up from the way AMD ended 2020 -- and the company's guidance indicates that it has switched into a higher gear in 2021.
Let's take a look at the reasons why this tech stock could deliver substantial upside this coming year.
Source Fool.com
