From Nasdaq: 2024-11-12 07:40:05

Advanced Micro Devices, Inc. (AMD) is a semiconductor company valued at $240.1 billion. Despite underperforming the market, AMD stock has gained 24.3% over the past year. Concerns arise about its AI market performance, but Q3 results beat expectations, with revenue of $6.8 billion. Analysts rate AMD stock a “Strong Buy.”

AMD’s focus on the AI market raises investor concerns. Despite Q3 results beating expectations and a strong outlook for Q4, some worry about its ability to capture market share. Analysts predict EPS growth of 27.1% for the year, with a consensus of a “Strong Buy” rating. Stock price targets show potential upside.



Read more at Nasdaq: Advanced Micro Devices Stock Outlook: Is Wall Street Bullish or Bearish?