So what
On Tuesday, Wells Fargo analyst Aaron Rakers reiterated his overweight rating on the chipmaker s stock. He argued that rival
Intel s (NASDAQ:INTC) production delays for its most advanced chips are an opportunity for AMD to continue to gain share in the massive server market.
Wall Street is growing more bullish on Advanced Micro Devices stock. Image source: Getty Images.
Today, Bank of America analyst Vivek Arya also repeated his buy rating on AMD s shares. Arya believes the bears are overstating the competitive risks posed by rival chipmakers. Moreover, with AMD underperforming both the
S&P 500 and the PHLX Semiconductor Sector Index so far in 2021, he posits that its stock price has catch-up potential in the year ahead.
NVIDIA, AMD, or Intel: Which Is the Best Chip Stock to Buy Right Now?
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4 Tech ETFs to Play the Current Chip Shortage
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