From Nasdaq:

Advanced Micro Devices (AMD) has seen a huge surge in its stock price, outperforming the semiconductor sector index by a wide margin and receiving positive upgrades from analysts. However, not all analysts are bullish on AMD’s future due to potential overvaluation and concerns about the growth of its AI business. AMD’s expensive stock price reflects its declining earnings from the weakness in the PC market, but a turnaround is expected with PC market growth and a robust data center business. Estimates suggest AMD’s AI business could generate significant revenue in the next three years, potentially driving the stock price up by 32% by 2027.



Read more: Where Will AMD Stock Be in 3 Years?