#4 - Advanced Micro Devices (NASDAQ:AMD)
Despite being one of the hottest names in the semiconductor industry, Advanced Micro Devices (NASDAQ: AMD) has had a rocky path to success in 2021. After ending 2020 at just over $90 per share, it took AMD stock the better part of seven months to break the $100 barrier. And this was despite AMD stock being a favorite among the WallStreetBets subreddit community.
Now that it has, bulls may be wondering how high it can go. AMD supplies microprocessors and graphics semiconductors and has been one of the leading suppliers to the graphic processing unit (GPU) space. However, the company is also making inroads in the central processing unit (CPU) space as it relates to data centers. As it does, it is taking market share from Intel (NASDAQ:INTC).
But what many analysts and investors will love to see is the company’s impressive free cash flow which should pass $5 billion next year. And when combined with its gross margin, and with the global chip shortage likely to last into 2022, AMD stock looks like a good buy.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
Read More - Current Price
- $171.79
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 28 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $185.26 (7.8% Upside)
