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
The stock is one of the favorites of our community with 89 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 44.1% for Advanced Micro Devices Inc. compared to the current price of 121.44 €.