Stocks Analysis by MarketBeat.com (Sam Quirke) covering: Qualcomm Incorporated, NVIDIA Corporation, Advanced Micro Devices Inc. Read MarketBeat.com (Sam Quirke)'s latest article on Investing.com
Shares of AMD have been struggling since hitting an all-time high in March.However, multiple analysts are calling this a screaming buy, with some targeting as much as 85% upside.
So what's behind this lackluster performance, and what does it mean for those of us with an eye for a bargain? There's no doubt the business is performing well from a fundamental point of view, with the company smashing analyst expectations for its last earnings report. But there's a sense that while the report was good in that regard, it wasn't good enough in terms of meeting investors' broader expectations.
For investors with the right appetite for risk, that's an incredibly tempting outlook. However, a lot has changed in the six weeks since those analyst updates, with plenty of unexpected volatility and more selling on AMD's side.
NVIDIA Corporation Advanced Micro Devices Inc
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