AMD Stock Falls 13%: Why Experts Still Expect it To Compete With Nvidia
With a Q3 earnings report that underwhelmed in some facets, Advanced Micro Devices (AMD) fell as much as 13% in the last two days, although it hasn’t stopped experts from projecting the company to eventually compete with Nvidia (NVDA). Indeed, the company has increased more than 175% in the last year and has been one of the more dominant stocks. During its most recent earnings call, AMD forecasted between $7.2 billion and $7.8 billion in Q4 revenue. However, analysts’ consensus was situated at $7.55 billion, which would be below the forecast midpoint. That doesn’t change the high hopes that many have for the stock, due to one very important facet. Source: CNBC Also Read: Invested In AMD Stock? Look Out For These Key Drivers AMD The Next NVDA? Why Some Analysts Believe So Throughout the last year, Nvidia has become one of Wall Street’s most dominant stocks. The chipmaker has been propelled by the ongoing AI boom. Indeed, its value in that regard has it eyeing a st...