In recent reports, Advanced Micro Devices, Inc. (AMD) has received particular attention and varying opinions from market pundits. With its price at US$160, it has been urged by some to be watched closely. Analysts believe AMD is overpriced compared to NVIDIA and that AI expectations are too high. However, Goldman Sachs disagrees and thinks it is a good buy. Amidst the intense competition with Nvidia and Intel, AMD is releasing new AI chips. Following a recent Microsoft announcement, there are suggestions to favor AMD over Nvidia. The company's stock has been down 30% from its all-time high, leading some to consider it as a potential buy. Besides, it was revealed that Raleigh Capital Management Inc. has purchased AMD shares.
Various reviews present a rather mixed bag, including firm acquisitions of AMD's shares, downgrading by StockNews.com and Morgan Stanley, and a decrease in its stock's rating. Amidst these occurrences, the question remains whether AMD can catch up to Nvidia and how they will fare in the ongoing AI race. There are strong suggestions that Advanced Micro Devices Inc. constitutes a long-term lucrative bet even as the competition with Nvidia and Intel intensifies. On the downside, its shares were down by 1%, and those of Osterweis Capital Management Inc. were sold. Other companies are also raising their stakes in AMD's stock.
Advanced Micro Devices AMD News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sun, 16 Jun 2024 14:18:55 GMT - Rating 0 - Innovation 3 - Information 8 - Rumor -4