AMD: Strong Data Center Growth Likely To Continue (Rating Upgrade)
AMDAMD(AMD) Seeking Alpha·2024-07-17 17:51

JHVEPhoto I called out to cash out Advanced Micro Devices' (NASDAQ:AMD) stock in my previous article published in February 2024, expressing concerns about the over-optimism regarding the company's growth potential and high stock valuation. Since the publication, its stock price has only increased by 1.5%, significantly underperforming the S&P 500 index, which returned 14.8%. I think the market sentiments have now cooled down and the acquisition of Silo AI is quite positive for AMD's growth strategy. I upgra ...