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?
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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
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