#5 - Advanced Micro Devices (NASDAQ:AMD)
Last year, shares of Advanced Micro Devices (NASDAQ: AMD) soared over 68%. However, in 2021, it’s been a different story. AMD stock is down 2%, but a recent rally is suggesting that it may be time to jump on the stock.
The semiconductor sector is notoriously cyclical, but it is in what appears to be a lengthy bull cycle. And AMD is well positioned in this sector with its focus on manufacturing embedded and semi-custom semiconductors for computing and graphics applications.
The company is not immune from disruptions due to the global chip shortage. The company was already operating at full capacity prior to the pandemic. Simply put, the company can’t keep up with current demand. However, few companies offer the quality of semiconductors at the scale of Advanced Micro Devices. And that means that they’ll be willing to wait.
That also means that patient investors can buy AMD shares at a discount today and watch as they grow in value.
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
- $138.57
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 29 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $192.79 (39.1% Upside)
