AMD Strengthens Its Bull Case. Can the Stock Hit $350 in a Year?

Shares of Advanced Micro Devices (AMD) have gained significantly in value, surging 111% so far this year. The rally stems from AMD’s growing share in the data center market, rapid adoption of its hardware portfolio, and strategic alliances that strengthen its long-term growth trajectory. Confidence in AMD’s outlook received another boost when management outlined strong growth projections for the next three to five years at its recent Financial Analyst Day. The company’s upbeat guidance strengthened optimi ...