Will Advanced Micro Devices Reach a Trillion-Dollar Market Cap by 2030?
Given the nature of its business and the sheer size of several of its peers, it's not wild to wonder if Advanced Micro Devices (NASDAQ: AMD) will be one of the next technology names to become a trillion-dollar outfit. Some investors might even bet that AMD will reach a trillion-dollar market capitalization as soon as 2030. Never say never.
If that's what you're anticipating, though, you might want to tamp down your expectations just a bit. Although direct rival Nvidia (NASDAQ: NVDA) reached the $1 trillion mark relatively recently, thanks to a leading role in the explosive artificial intelligence (AI) market, Advanced Micro Devices isn't likely to repeat the quick-jumping feat.
Still, that doesn't necessarily mean the stock's not worth owning.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 92 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 175 € shows a slightly positive potential of 13.58% compared to the current price of 154.08 € for Advanced Micro Devices Inc..
