Shares of Advanced Micro Devices Inc (NASDAQ:AMD) have surged to an all-time high of over $211 per share since the beginning of March, thanks to new AI-related processors. The company’s stock has seen a decline only after the debut of new AI chips from rival Nvidia Corp. AMD made an amazing turnaround in 2015 after hitting its stock price bottom, thanks to its new products and better business policies on competitive capabilities, with AMD stock rocketing over the next six years. In the fourth quarter of fiscal year 2023, AMD took over the market leadership from Intel in the PC server and CPU sector. The share of fourth-quarter desktop processor sales rose to 19.8%. The share of sales of processors for notebooks increased to 20.3% year-on-year. Share of the lucrative server CPU market rose to 23.1% in the fourth quarter. Shares of Advanced Micro Devices Inc (NASDAQ:AMD) closed at $177.87 per share on March 27, 2024.
Shares of chipmaker Advanced Micro Devices Inc (NASDAQ:AMD) have seen a more than 300% increase since the fall of 2022. This increase shows the cyclical nature of the semiconductor industry. This potential value-add associated with AMD chips thanks to Instinct AI accelerators could further boost the company’s sales growth and stock value (NASDAQ:AMD). The company has managed to defend its leadership in a market dominated by Nvidia, so we can expect another strong quarter for AMD. These facts have attracted the attention of multinational investment corporations and private investors to buy shares of Advanced Micro Devices Inc (NASDAQ:AMD) in particular, for which an average target price of $201.26 per share has been set for the short to medium term investment horizon.
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