AMD at $80: Buy, Hold, or Sell?

Harsh Chauhan, The Motley Fool
·5-min read
AMD at $80: Buy, Hold, or Sell?
AMD at $80: Buy, Hold, or Sell?

Advanced Micro Devices (NASDAQ: AMD) stock has been in top form in the market in 2020, rising to a new all-time high at the end of August to more than $90 a share thanks to terrific momentum across its different businesses. The chipmaker has been taking away market share from Intel in central processing units (CPUs), giving NVIDIA a hard time in graphics cards, and is reportedly exploring new territories to become a dominant semiconductor player. The third-quarter guidance was even better, with AMD forecasting 42% year-over-year revenue growth, attributing the acceleration to strong demand for its Ryzen and EPYC processors, as well as a bump in sales of its semi-custom processors thanks to the arrival of a new generation of gaming consoles.