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Barchart
Barchart
Amit Singh

6 Reasons Why I'll Buy AMD Stock for 2H 2024

Advanced Micro Devices (AMD) stock is down about 2% year-to-date, significantly underperforming the S&P 500 Index’s ($SPX) approximately 15.8% return. Even more notable is AMD’s lag behind its peer Nvidia (NVDA), whose stock has surged by around 140% year-to-date. 

The semiconductor company focuses on a wide range of products, including server microprocessors, or CPUs, graphics processing units (GPUs), data processing units (DPUs), accelerated processing units (APUs), and related items. Despite this extensive portfolio, AMD’s lower growth rate has frustrated investors, and restricted the upside in its stock price.

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