AMD stock underperforming S&P 500, but analysts bullish, with growth potential and strong buy rating.

From Nasdaq: 2024-12-08 07:06:34

Advanced Micro Devices, Inc. (AMD) is a mega-cap semiconductor company with a market cap of $224.9 billion. It offers high-performance processors like CPUs, GPUs, and Adaptive SoCs, competing with NVIDIA. Despite recent underperformance, AMD’s strategic innovations and partnerships, like with IBM, show growth potential.

AMD’s stock is down 39% from its 52-week high, but analysts remain bullish. NVIDIA’s stock outshines AMD, up 213% in the past year. However, AMD has a consensus “Strong Buy” rating and a mean price target of $189.92, reflecting a 37% premium to current levels. Exciting opportunities lie ahead for AMD in the semiconductor industry.



Read more at Nasdaq: Is Advanced Micro Devices Stock Underperforming the S&P 500?