AMD Stock Has Crashed 20%: Here’s Why You Should Buy

1 min read

Advanced Micro Devices (NASDAQ: AMD) stock hit a 52-week high in January this year, but the price for this high-flying chipmaker has pulled back over 20% since then thanks to a variety of factors such as the broader sell-off in tech stocks and rival Intel‘s (NASDAQ: INTC) resurgence under new leadership.

However, one look at the pace of AMD’s growth and its outlook for the year tells us that the recent sell-off in the stock may not be justified. The chipmaker ended 2020 on a high and expects to deliver massive growth once again this year. More importantly, investors shouldn’t worry too much about the potential impact of Intel’s recent announcements on AMD’s fortunes just yet, as the latter has enough going for it to ward off any threat from its bigger rival.

Let’s see why.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

3 Great Reasons to Buy First Solar Stock Despite Investor Fears

Next Story

Why Spotify Is Set to Win Over the Long Term

Latest from Blog