Are Wall Street Analysts Predicting Advanced Micro Devices Stock Will Climb or Sink?

Advanced Micro Devices, Inc. (AMD), with a massive market cap of $214.3 billion, is a leading semiconductor company specializing in high-performance and adaptive processor technologies. The California-based company serves diverse sectors, from cloud computing to embedded systems.

Shares of the chipmaker have underperformed the broader market over the past 52 weeks. AMD has gained 12.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 19%. In 2024, shares of AMD are down almost 10%, significantly lagging behind SPX's 14.2% gain on a YTD basis.