Is It Too Late to Buy AMD Stock?
All eyes have been on chip stocks amid a boom in artificial intelligence (AI) over the last year. These companies are developing the hardware needed for training AI models and completing intensive generative tasks, making them crucial to the market's future.
A standout has been Advanced Micro Devices (NASDAQ: AMD), with the second-largest market share in graphics processing units (GPUs) -- chips capable of running rigorous workloads for activities like gaming, AI, and cryptocurrency mining.
Analysts have repeatedly compared AMD to market leader Nvidia, questioning whether it will enjoy similar growth in the industry. Nvidia's stock has skyrocketed 209% over the last year alongside soaring earnings, as it has dominated the AI chip sector. AMD is still in the early stages of its AI journey, with its stock rising 28% in the same period.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 97 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a slightly positive potential of 5.97% for Advanced Micro Devices Inc. compared to the current price of 166.08 €.
