Home World News AMD rose 9%, market value exceeded 300 billion yuan for the first time, how much room for upside is there?

AMD rose 9%, market value exceeded 300 billion yuan for the first time, how much room for upside is there?

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AMD rose 9%, market value exceeded 300 billion yuan for the first time, how much room for upside is there?

Advanced Micro Devices (AMD) share price rose 9% on Thursday (29th). The stock price continuously reached new highs, causing the company’s market value to exceed 300 billion yuan for the first time.

According to Bloomberg News data, AMD’s current market value has reached 311 billion yuan, setting a record that the closing market value has reached the 300 billion yuan mark for the first time. On the 29th, AMD’s share price rose 9.06% to close at 192.53 yuan per share, more than double the low of less than 100 yuan per share in October last year.

AMD is seen asayeAMD is one of the main beneficiaries of the wave, and optimism about new AI processors helped AMD’s stock price recover last month, offsetting earlier weak forecasts.

Earlier Thursday, Citigroup said in a report that it “remains very bullish on semiconductors” and particularly that “the AI ​​market continues to grow” as all types of companies and organizations are buying into AI.Wafer.Citi names AMD as one of its favorite stocksHuida(Nvidia) and Broadcom are tied.

However, AMD doesn’t look so cheap after its recent surge. Its current price-to-earnings ratio, based on projected profits, is close to 50 times, which is higher than Huida’s price-to-earnings ratio of 32 times.

Although three-quarters of analysts tracked by Bloomberg recommend buying AMD shares, AMD’s stock price has basically reached analysts’ average target price, indicating limited upside potential.

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