#4 - Advanced Micro Devices (NASDAQ:AMD)
Advanced Micro Devices (NASDAQ:AMD) stock is down over 13% in 2021. While some people could say that the stock was due for a selloff, I can’t help but believe this is a tremendous buy-the-dip opportunity.
The bears will point out that some hedge funds have exited their position. And there is some sentiment that Intel (NASDAQ:INTC) is finally going to regain some of the mojo (and market share) it has lost to AMD. Because Intel will be able to manufacture its own chips it could put pressure on AMD which is now entirely beholden to third-party suppliers to produce its chips.
However, it isn’t like Advanced Micro Devices has been resting on its laurels. The company continues to come out with innovative products and is already producing 7 nanometer transistors which has given it a sizable lead over Intel. It also allows AMD to be a strong competitor in all the sectors that are important to the high-performance computing wave.
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
- $164.47
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 28 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $185.26 (12.6% Upside)
