Advanced Micro Devices, Inc. (AMD)
Investors Heavily Search Advanced Micro Devices, Inc. (AMD): Here is What You Need to Know
Advanced Micro (AMD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
AMD supplants Nvidia as this analyst's top chip stock — but he still likes both
To be sure, Wolfe analyst Chris Caso still likes shares of Nvidia NVDA, +0.37% plenty, but he's now making “a tactical shift in priority” by adding Advanced Micro Devices Inc.'s AMD, +4.50% stock to Wolfe's Alpha List, which is its collection of “high-conviction” picks that could show meaningful outperformance over a 12-month span.
Wall Street predicts AMD stock price for next 12 months
Although it opened the year with consistent growth, Advanced Micro Devices (NASDAQ: AMD) stock has moved in a downside trend since early March, only attempting to recover its price in the last couple of days, but analysts are optimistic, trusting its recovery would continue in the next 12 months.
