Prediction: AMD Stock Will Soar on Feb. 3
One of the most interesting stocks in the artificial intelligence (AI) space is (NASDAQ: AMD). Its technology isn't as good as that of its chief rival in the graphics processing unit (GPU) business, Nvidia (NASDAQ: NVDA). However, it is making some advancements, and its AI accelerators could come to be more widely viewed as viable alternatives to the market leader's wares, especially if Nvidia charges too high a premium for its latest platforms.
We'll get some additional clarity on the direction AMD is moving on Feb. 3, when it reports its fourth-quarter results and provides its 2026 outlook. Management has already outlined what it sees as its five-year growth track, and that forecast is quite impressive. But if the company looks like it's on course to meet those expectations, the stock could soar following the report.
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Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 110 Buy predictions and 3 Sell predictions.
With a target price of 242 € there is a slightly positive potential of 14.15% for Advanced Micro Devices Inc. compared to the current price of 212.0 €.
