Artificial Intelligence Obsession moves to the "AMD" stock to produce slides
Advanced Micro Devices shares today, Thursday, to continue the shares of chips, its upscarcheous, its latest new records for this year. The company’s share price rose 7.9%, which qualifies its market value to close more than $ 300 billion for the first time. It should be noted that the share price grew more than twice in October from the lowest levels. The company is seen as one of the most important beneficiaries of artificial intelligence, and the optimism about new artificial intelligence treatments helped AMD recover from poor expectations last month. Earlier Thursday, City Group wrote that it is still ‘very optimistic about semiconductor companies’, especially with the continued ‘artificial intelligence market to grow’ in light of the purchase of all types of businesses and institutions artificial intelligence chips. The company “AD” is singled out as one of the shares you prefer, along with “Invidia Corp” and “Broadcom”. However, the share price does not just seem to be a rewarding agreement after the last increase. The shares are traded by about 50 times the estimated profits, making it much more expensive than the leading ‘Invidia’ industry, with a relatively lower future profits at 32 times. While analysts are widely optimistic, as more than three -quarters of Bloomberg’s companies recommend buying the AMD arrow, the share price is only 2% of its average target level, suggesting that the prospects for continuing rise in its current levels may be limited.