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NVDA - AMD: Yet Another Buying Opportunity (Rating Upgrade)
NVIDIA Corporation
2024-07-08 09:50:14 ET
Summary
Advanced Micro Devices, Inc. stock has historically shown periods of rapid growth followed by consolidation, with current indicators suggesting another growth phase soon.
Recent product advancements, partnerships, and market share gains in AI and Data Center markets position AMD for future growth.
Valuation analysis indicates AMD stock is currently undervalued, providing a buying opportunity with a year-end target of $193-213.