Forget the Sell-Off -- Wall Street Wants You to Buy AMD Stock

Advanced Micro Devices (NASDAQ: AMD) stock has headed south in 2021, as investors seem to be concerned about the stiff competition the chipmaker may face from rivals Intel (NASDAQ: INTC) and NVIDIA (NASDAQ: NVDA). Analysts from Raymond James and Bank of America have an outperform rating on AMD stock with a price target of $100. Both firms have reminded investors that the chipmaker will continue to hold a competitive edge over Intel for the next few years.