Reported 1 day ago
Despite a 19% decline in AMD stock this year, the current dip presents a potential buying opportunity as the company shows strong growth in its data center business, comparable to Nvidia. With AMD's PEG ratio at 0.31, indicating possible undervaluation, analysts suggest the stock is underappreciated despite challenges in gaming and other sectors. As AMD prepares to release new GPU lines, the long-term outlook remains positive, making this an attractive moment for investors.
Source: YAHOO