AMD is overvalued, consider investing in ASML Holding NV and Nvidia for better value and growth.

From Nasdaq: 2024-07-26 10:00:00

Tech stocks are crucial growth drivers in the stock market, with the Nasdaq Composite index outperforming the S&P 500 significantly. While AMD’s stock has climbed 41% in the past year, it is currently overvalued and trading at 228 times earnings. Consider investing in ASML Holding NV and Nvidia instead for better value and growth potential. ASML Holding is a Dutch semiconductor-equipment company dominating the lithography market, while Nvidia holds a strong position in desktop GPUs and AI chips. Both companies offer better value compared to AMD, making them attractive investment options in the tech sector.



Read more at Nasdaq: Forget AMD: 2 Tech Stocks to Buy Instead