Advanced Micro Devices (AMD) investors have been rewarded with impressive 453% returns over the past five years. The company seems to be catching up with Nvidia, both in terms of technological advancements and the fierce competition in the AI sector. The stock has performed better than its underlying earnings growth, implying overvaluation in the market. There has been increased debate over whether investors should sell Nvidia stocks in favor of AMD. However, there are warnings advising investors to sell AMD, and the stock fell by 30% from all-time highs. AMD continues to remain a favorite among institutional investors who hold approximately 71% and 72% of the company's stocks. Several factors that point towards a potential for upside includes AMD's promising growth in the AI semiconductor realm and launch of new AI chips. The performance of AMD's AI chips may result in a favorable shift in the balance of power from Nvidia to AMD. This recent development led to one analyst predicting AMD stocks reaching $230. However, the company's debt responsibility is being widely discussed, and there have been some sell-offs from major stakeholders.
Advanced Micro Devices AMD News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Sun, 09 Jun 2024 17:45:03 GMT -
Rating 8
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- Rumor 2
