|
|
|
|
|||||
|
|
|
Advanced Micro Devices, Inc. (NASDAQ:AMD) is included among the 15 Best Long Term Stocks to Buy According to Reddit.
The company’s first analyst day since 2022 stretched across several hours, and management spent much of the time addressing the main points investors have been debating. Loop Capital said the more optimistic view centers on AMD’s potential to grow its revenue even if it captures only a small share of the data center market, continues to chip away at Intel’s lead in servers and PCs, and works toward lifting non-GAAP earnings per share to more than $20 within the next three to five years. Loop Capital reiterated its Buy rating and set a $290 price target, according to a report by The Fly.
Advanced Micro Devices, Inc. (NASDAQ:AMD) has pushed through a period of slow growth in recent years, yet its heavy spending to close the gap in AI chips is now starting to show results. Third-quarter revenue climbed 36% from a year earlier to $9.2 billion. Adjusted earnings per share rose 30% over the same period, and free cash flow reached a new high, suggesting the business is scaling in a profitable way.
This momentum is being driven by Advanced Micro Devices, Inc. (NASDAQ:AMD)’s ability to offer a stronger cost-to-performance package than many rival chips. Its fifth-generation Epyc server processors continue to take share from Intel, while the MI300 line of GPUs is drawing interest for its effectiveness in AI inference tasks.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leader in high-performance and adaptive computing, providing the technology that supports many of the world’s most important innovations and problem-solving efforts.
While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best European Dividend Stocks to Buy Now and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
Disclosure: None.
| 1 hour | |
| 3 hours |
Google In Talks To Offer Its AI Chips To Meta; Nvidia, AMD Fall
AMD +5.53%
Investor's Business Daily
|
| 4 hours | |
| 5 hours | |
| 5 hours | |
| 5 hours | |
| 7 hours | |
| 9 hours | |
| 10 hours | |
| 12 hours | |
| 13 hours | |
| 13 hours | |
| 13 hours | |
| 13 hours | |
| 14 hours |
Palantir Stock: More Insider Selling, Technical Outlook Sags. Is PLTR Stock A Buy Or Sell?
AMD +5.53%
Investor's Business Daily
|
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite