From Nasdaq: 2024-03-29 15:15:00

Advanced Micro Devices (NASDAQ: AMD) stock hit a 52-week high in March but has dropped 15% since. Reports of China replacing AMD and Intel chips in government servers caused a brief dip. However, the semiconductor market outlook is positive, with strong growth expected in AI-enabled PCs globally, potentially benefiting AMD’s CPU sales. Additionally, AMD has been gaining market share from Intel in the PC market. The company also sees strong demand for its EPYC server CPUs. Despite a slight dip in revenue and earnings forecasts for Q1, AMD could surprise investors with better-than-expected growth. The stock is now trading at a cheaper valuation, making it an attractive opportunity for savvy investors. The Motley Fool Stock Advisor recommends keeping an eye on its potential.



Read more at Nasdaq: AMD Stock Is Down 15% From Its 52-Week Highs, and Here’s Why You Should Buy It