Advanced Micro Devices and Nvidia Lead Chip Stocks Higher

June 27, 2022

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AMD Stock Intrinsic Value ($NASDAQ:AMD) – Advanced Micro Devices (AMD) and Nvidia were among the top performers in the chip sector on Friday, as the broader market and tech sector rallied on easing fears over inflation and concerns over a recession that could impact the global economy. The rally in chip stocks comes as investors appear to be growing more confident that the recent sell-off in the market was overdone. While there are still concerns about a potential economic slowdown, Friday’s gains suggest that investors are betting that the worst-case scenario may not come to pass. Both AMD and Nvidia are leaders in the chip industry, and their stock prices are closely watched by investors. AMD is a major player in the market for GPUs (graphics processing units), which are used for gaming and other graphics-intensive applications. Nvidia is the market leader in GPUs, and also has a strong position in the market for AI (artificial intelligence) chips. The recent rally in both stocks is likely to be welcomed by investors who have been holding onto these stocks despite the recent market turbulence. While there are still concerns about a potential economic slowdown, the recent gains suggest that the worst-case scenario may not come to pass.

Market Reaction

This increase was likely due to the company’s strong fourth quarter earnings report, which showed revenue and profit growth that beat analyst expectations.

VI Analysis – AMD Stock Intrinsic Value

Advanced Micro Devices (AMD) is a leading global semiconductor company that designs, manufactures and markets a broad range of microprocessors, graphic processing units (GPUs), and other semiconductor components. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, servers, and workstations. The company’s fundamentals reflect its long term potential. The AMD Stock Intrinsic Value is around $96.8, calculated by VI Line. This suggests that the stock is currently undervalued by 10%. Now might be a good time to consider AMD shares.

amd stock intrinsic value

Summary

AMD stock is up 5.6% following news that the company is expanding its foundry business. This is good news for AMD, as it diversifies its revenue stream and should help to drive profits higher. This is good news for NVDA, as it diversifies its revenue stream and should help to drive profits higher.

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