Advanced Micro Devices (NASDAQ: AMD) is on the comeback trail, and some are now speculating that it could be a target for Reddit stock investors.
The microchip war is beginning to heat up, with AMD and Intel once again at the forefront of investors’ minds. Now, with Google’s cloud tapping AMD for a new service, many are speculating the company could be set for substantial gains in 2H/21.
With this in mind, this piece covers the key things you need to know including AMD’s stock price, our AMD price target, the future investment prospects of the company, and the best places to buy shares.
How and where to buy AMD shares online
To invest in AMD quickly and easily, choose an online stockbroker platform, sign up, fund your account and buy AMD stock.
To save you some time and to help you find the platform with the lowest fees that best suits your investment goals, our team of analysts have listed their two top picks below:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What is AMD?
It is an American multinational corporation that designs, develops and manufacturers computer processors and other technologies that are used within the consumer and corporate sectors.
The company was founded back in California way back in 1969, and AMD stands for Advanced Micro Devices, Inc.
AMD share price
AMD shares are currently trading on the NASDAQ stock exchange at just over $83 per share, up 4% on the day.
Should I buy AMD stock now?
If you think AMD can win the microchip war, or just establish a significant market share in it, the company is well-positioned to profit. With the economic impacts of COVID-19 gradually unravelling, consumer behaviour may be volatile in the short term, but as normality returns, we expect AMD’s revenue to surge.
Moreover, if you think WallStreetBets – a Reddit forum dedicated to speculative stock investment – has an eye on the stock, buying shares based on market sentiment could be a smart move.
Regardless of your strategy, make sure you conduct your own extensive, objective research before risking any of your capital, because the market is a merciless place that can quickly turn against you if you let it.
AMD price target
Here is our AMD price prediction:
A 12-month high of $170, a median of $107, and a low of $17.