Summary: Buying opportunities identified in recent stock market volatility for AMD and Alphabet based on growth potential.

From Nasdaq: 2024-09-21 04:59:00

In the recent stock market volatility, buying opportunities have arisen for Advanced Micro Devices (AMD) and Alphabet (GOOG, GOOGL). AMD’s stock has dropped 25%, with a forward P/E ratio of 28 based on 2025 earnings estimates, showing potential for growth. Meanwhile, Alphabet is well-positioned for AI-driven growth, with an attractive forward P/E of 18 and strong revenue and earnings growth expected.

AMD’s data center revenue doubled in Q2 thanks to strong demand for its GPUs and CPUs. The company benefits from AI computing trends, positioning it for future growth. With high growth projections and a low forward P/E ratio, AMD could see significant returns in the coming years.

Alphabet’s Google Search business and digital advertising are benefiting from AI advancements. Gemini AI model, launched in 2023, powers several Alphabet products with billions of monthly users each. Wall Street analysts expect revenue and earnings growth for Alphabet, making it a promising investment with a potential to double by 2029.

Consider investing in the 10 best stocks identified by The Motley Fool Stock Advisor, which has outperformed the S&P 500 since 2002. While Advanced Micro Devices didn’t make the current list, historical performance shows the potential for significant returns. Past investments in companies like Nvidia have yielded substantial profits, making the recommendations worth considering.



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