Depending on when the inquiry is asked and to whom, Advanced Micro Devices Inc (NASDAQ:AMD) is either a critical player in artificial intelligence — and thus deserves a strong valuation premium — or is an overplayed enterprise that has long overstayed its welcome. Both sides offer compelling arguments, which makes deciphering the forward trajectory of AMD stock one of the most contentious practices on Wall Street.For the upwardly ambitious, investors have plenty of reason to keep the faith in the semiconduc ...

Although semiconductor giant Advanced Micro Devices Inc (NASDAQ:AMD) took the market by storm with a potentially landmark deal, the extreme enthusiasm toward artificial intelligence raises concerns about an unsustainable bubble. As such, last week saw AMD stock tumble into the red after what appeared to be an auspicious start to another stunning rally.On balance, circumstances look very much favorable for Advanced Micro. Since the start of the year, AMD stock has gained nearly 78%. In the trailing month, th ...