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Barchart
Barchart
Kritika Sarmah

Are Wall Street Analysts Bullish on Advanced Micro Devices Stock?

AMD UBS Semiconductor

Valued at $422.8 billion by market cap, Advanced Micro Devices, Inc. (AMD) is a leading global semiconductor company. The California-based company designs high-performance computing and graphics chips. AMD was founded in 1969, and it also develops processors and accelerators for desktops, laptops, data centers, gaming consoles, and artificial intelligence applications. Its main product lines include Ryzen CPUs for consumer PCs, EPYC processors for servers, Radeon GPUs for graphics and gaming, and Instinct accelerators for AI and high-performance computing.

Shares of this semiconductor giant have significantly outperformed the broader market over the past year. AMD has gained 104.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 13.9%. Over the past six months, AMD's stock is up 51%, surpassing the SPX’s 8.8% rise.

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