Company Of The Day: AMD

by Trefis Team
-19.25%
Downside
122
Market
98.81
Trefis
AMD
AMD
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What?

AMD stock (NASDAQ:AMD) rose to an all-time high of about $110 per share on Monday. The stock is up by about 15% over the last four trading days since it published earnings on July 27.

Why?

The rally comes after the company beat Q2 earnings expectations and raised its full-year forecast driven by strong demand for chips that go into PCs, servers, and videogame consoles.

So What?

We think AMD stock is slightly overvalued at current levels. We have a price estimate of around $100 per share for the stock.

See Our Complete Analysis For AMD

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

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