Where Will AMD Stock Be in 3 Years?

The past three years have been forgettable for Advanced Micro Devices (NASDAQ: AMD) investors. Shares of the chipmaker have declined 5% during this period, while the PHLX Semiconductor Sector index has recorded impressive gains of 36%.The chipmaker has missed the artificial intelligence (AI) gravy train thus far. Its revenue from sales of data center graphics cards has been disappointing, with rival Nvidia building a monopoly-like position for itself in this space. AMD's reliance on the personal computer and gaming markets for a significant chunk of its revenue has also weighed on the share price.The weakness in the PC market in 2022 and 2023 dented sales of AMD's central processing units (CPUs). Meanwhile, the sluggish gaming console market, which recorded just 2.4% growth in 2024, has turned out to be another headwind for the company. However, it wouldn't be surprising to see a turnaround in AMD's fortunes over the next three years. Let's see why that may be the case.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool