Down 20% in 1 Month: Is It Time to Buy the Dip on AMD Stock?
The semiconductor industry fell hard on April 17 on news that equipment manufacturer ASML missed earnings and that competition from China is heating up.
Advanced Micro Devices (NASDAQ: AMD), which at one point was one of the best-performing S 500 components year to date, has plummeted 21% in just one month and is now at a three-month low.
Despite the sell-off, expectations are still incredibly high for AMD. Let's look at the growth stock to see if it is worth buying now or if the risks outweigh the potential reward.
Source Fool.com
Advanced Micro Devices Inc. Stock
€153.94
0.040%
With 78 Buy predictions and 1 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 178 € shows a slightly positive potential of 15.63% compared to the current price of 153.94 € for Advanced Micro Devices Inc..
