AMD's $14 Billion Rally Hasn't Swayed Wall Street Skeptics
Photographer: Ashley Pon/Bloomberg
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Shocked by the 145 percent rally in Advanced Micro Devices Inc. this year? So are the analysts on Wall Street who are supposed to see these things coming.
More than $14 billion has been added to AMD’s market value in 2018 and the stock is the best performer in the S&P 500. But you’d have a tough time knowing anything good was going on based on the work of analysts, who have regarded the chipmaker with skepticism for years. While the number who recommend buying the stock is up slightly this year, they’re still outnumbered by those who are ambivalent or bearish.