Over the past few years, Advanced Micro Devices’ (AMD) exceptional climb up the semiconductor food chain has resulted not only in increased market share for its products but has been mirrored by massive share price gains for the stock. Not so in 2021, a year which has disappointed investors so far. However, Wells Fargo’s Aaron Rakers thinks there are several reasons to believe AMD shares will be back on the front foot soon enough. With server CPU momentum a “key focus,” the analyst thinks the company can “continue to gain PC and server CPU market share and see mix-driven GM% expansion.
https://www.tipranks.com/news/article/amd-an-attractive-risk-reward-play
Advanced Micro Devices (NASDAQ:AMD)
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