Advanced Micro Devices, Inc. Is an American multinational company founded by Jerry Sanders, Jack Gifford, Edwin Turney, John Carey, Larry Stenger, Frank Botte, Sven Simonsen and Jim Giles on May 1, 1969 in Sunnyvale, California, U.S and headquartered in Santa Clara, California, U.S.
It is a semiconductor company that develops microprocessors, motherboardchipsets, embedded processors, graphics processors, and FPGAs for servers, workstations, personal computers, and embedded system applications.
AMD launched its IPO on Sep 27, 1972 under the ticker symbol ‘AMD’ at a price of $15.50/share.
AMD Stock Forecast (Short- and Long-Term)
| Year | Mid-Year | Year-End |
| 2023 | $ 111.20 | $ 116.08 |
| 2024 | $ 123.56 | $ 132.65 |
| 2025 | $ 152.55 | $ 172.16 |
| 2030 | $ 253.61 | $ 259.18 |
| 2034 | $ 306.75 | $ 314.93 |
Short-term forecast
- Price prediction 2023: The cost of AMD will increase to $82.21 in the first half of 2023, $9.66 more in the second, and end the year at $91.87, a +47% increase over the cost today.
- Price prediction 2024: AMD will begin the year at $91.87, rise to $104.60 in the first half of the year, and end the year at $123.43. It indicates a +97% increase from today.
- Price prediction 2025: The stock price will climb by +156% from now to $152.55 in the first half of the year and to $172.16 by the end of the year.
Long-term forecast
- Price prediction 2030: By the middle of 2030, the stock will be worth $253.61, and by the end of the year, it will be worth $259.18. The overall increase above the current price is +315%.
- Price prediction 2034: By mid-year, the stock’s price will have risen to $306.75, and by year’s end, it will have reached $314.93. That is 403% increase from now.
Current stock price of AMD stock is 62.57 USD.
Factors Affecting the Price of AMD Stock
Here below are some main factors that can affect the price of stock.
- Sales: As AMD’s primary business is the selling of computer components, such as processing chips and graphics cards, and since we live in the computer era, its sales will undoubtedly increase in the near future and as long as its sales increase, its share price will continue to do well.
- Competition: In many of the products it sells, AMD holds a substantial market share. However, companies like Intel and Nvidia provide it with tough competition. If it wants to keep expanding, it needs to continue to have an advantage over its rivals.
Is AMD Stock a Good Buy Now?
Within the enormous PC and data center CPU businesses, AMD competes and prevails. Despite short-term macroeconomic difficulties, its market share gains should continue to boost sales and earnings.
Additionally, the Xilinx acquisition offers AMD a strong footprint in quickly developing industries like edge computing and artificial intelligence (AI), giving them access to new long-term growth drivers. The best part is that investors can currently buy the chip leader’s shares at a significant discount to their most recent highs.
All things considered; AMD’s stock currently appears to be a sensible investment.
*We only provide recommendations based on our best assumptions; therefore, we strongly advise you to do your own research before taking any action.
