Why AMD Stock Is A Gift At $138 (Technical Analysis)
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Advanced Micro Devices, Inc. (AMD) is considered undervalued at $138, with strong growth potential, particularly in the data center segment. AMD's data center sales increased by 122% YoY in Q3, driven by the MI300 accelerator, positioning it as a strong competitor to Nvidia. Despite short-term technical challenges, AMD's fundamentals are robust, with expected profit growth of 54% in 2024.
November 27, 2024 | 3:30 pm
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AMD is undervalued at $138 with significant growth potential, especially in the data center segment. Sales surged 122% YoY in Q3, driven by the MI300 accelerator. Despite short-term technical challenges, AMD's fundamentals are strong with 54% profit growth expected in 2024.
The article highlights AMD's undervaluation at $138 and its strong growth potential, particularly in the data center segment, where sales surged 122% YoY in Q3. The MI300 accelerator positions AMD as a strong competitor to Nvidia. Despite short-term technical challenges, AMD's fundamentals are robust, with a 54% profit growth expected in 2024, making it a compelling investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100