SA: - Mar. 26, 2023 8:00 AM ETAdvanced Micro Devices, Inc. - Summary
AMD has finally rallied back to $100, but the market should really be focusing on the next $100.
The chip company is still set to take substantial additional server market share from Intel before even focusing on AI demand.
The stock trades at a steep discount to the forward P/S multiple of NVIDIA allowing for an easy double.
AMD should generate substantial EPS growth to warrant another $100 gain over the next few years.
With competitor NVIDIA (NVDA) already headed back towards all-time highs, now is a good time to remind investors that Advanced Micro Devices (NASDAQ:AMD) hit an all-time high of $161 in November