Wall Street predicts AMD stock price for next 12 months
After a range of new products unveiled at the ‘Advancing AI 2024’ event sparked optimism in early October, Advanced Micro Devices’ (NASDAQ: AMD) latest earnings report sent the company’s shares across a rough patch in the stock market.
Specifically, AMD stock has been following a downward trajectory for most of the last 30 days, and even the post-election euphoria failed to alter its course truly. Within the time frame, the semiconductor giant’s shares are down 13.09% to their latest closing price of $143.63 and another 0.32% in the Wednesday pre-market to their press time price of $143.17.
The gravity of AMD’s troubles is perhaps best…
