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Is Advanced Micro Devices Stock Heading for $200 in 2025?
AMDAMD(AMD) The Motley Fool·2024-12-19 09:10

Shares of Advanced Micro Devices (AMD -2.89%) surged to new highs at the beginning of 2024, but mixed business performance across the company's operating segments has weighed on the stock for most of the year. After reaching a high of $227, the shares are down 44% year to date at the time of writing.The dip could be an excellent buying opportunity. While the stock's valuation looks expensive -- trading at 112 times trailing 12-month earnings per share -- the price-to-earnings (P/E) multiple is much lower wh ...