Advertisement
UK markets closed
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • CRUDE OIL

    83.70
    +0.89 (+1.07%)
     
  • GOLD FUTURES

    2,345.40
    +7.00 (+0.30%)
     
  • DOW

    38,066.21
    -394.71 (-1.03%)
     
  • Bitcoin GBP

    51,719.29
    +526.03 (+1.03%)
     
  • CMC Crypto 200

    1,394.54
    +11.96 (+0.87%)
     
  • NASDAQ Composite

    15,601.54
    -111.21 (-0.71%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

AMD’s Rising Price Ratios Make It an Expensive Stock

AMD’s Rising Price Ratios Make It an Expensive Stock

Advanced Micro Devices (AMD) stock rallied significantly in June, reaching its 12-year high of $17.3. The stock’s rally comes as investors become increasingly confident in the company’s earnings potential. The stock is currently trading above $15, which is higher than its median price target of $13.5. This has raised the question of whether the stock’s recent rally has changed its fundamental valuation.