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.
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AMD: Yet Another Buying Opportunity (Rating Upgrade)