From Nasdaq: 2024-05-10 07:37:00

Some investors believe Advanced Micro Devices (NASDAQ: AMD) could become a trillion-dollar company by 2030, but it faces tough competition from Nvidia (NASDAQ: NVDA) and Intel (NASDAQ: INTC). Despite growth potential in graphics and computer processors, reaching a $1 trillion market cap would require substantial revenue growth and a significant stock price increase. Analysts still see potential in AMD, with a consensus price target of $191.80, even if it doesn’t hit the trillion-dollar mark. The focus for investors should be on the company’s competitive strengths rather than its size or market share.



Read more at Nasdaq: Will Advanced Micro Devices Reach a Trillion-Dollar Market Cap by 2030?