Advanced Micro Devices (AMD) continues to garner attention amid predictions of the company reaching a
trillion-dollar market cap by 2030.
Institutional investors hold a significant 72% share in the company, contributing to its favored position in the market. Despite a recent stock selloff, analysts are suggesting it to be an opportunity for investors to load up. AMD's
Q1 2024 Earnings Call transcript and its five-year total shareholder returns show promising growth, exceeding the underlying earnings growth. Yet, the stock's recent drop has sparked interest. One Wall Street analyst suggests a 25% upside, citing multiple reasons to buy the stock, such as its explosive growth and trending status. AMD's potential in the server and client markets has also been highlighted. A recent upgrade from hold to buy is a notable development. However, AMD's AI chip revenue forecasts did not meet expectations, causing a 7% dive in shares. Some analysts predict the gap with Nvidia is widening, and the stock fell short on its earning predictions. Yet, despite recent declines, long-term prospects for AMD remains favorable, with some analysts arguing that it's still a lucrative long-term bet.
Advanced Micro Devices AMD News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Fri, 10 May 2024 12:41:30 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 5
