Today we look at Advanced Micro Devices otherwise known as #AMD #Stock. This has been one of the few companies I’ve actually bought in 2021 - when shares were traded below $80 per share. This company has experienced explosive revenue & profit growth over the past few years, and it doesn’t appear to be slowing down anytime soon. While the valuation and some financial metrics appear to be stretched, this is a stock that likely has several years of amazing growth ahead of it. AMD raised guidance - both on the revenue and margin side for Q2 - and given the shortage of chips around the world - AMD should be well positioned from a demand and price perspective over the coming months and years ahead. We look at the stock chart and discuss if it’s too late to buy shares now, or if AMD stock has more room to go up.
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