Where to buy AMD stock: it is rising after issuing a strong 2022 sales outlook

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The AMD stock has bounced back and it is now on a strong bullish trend supported by the recent issuance of a strong 2022 sales outlook for Advanced Micro Devices (AMD), Inc.

The stock had drastically dropped between December 27, 2021, and January 27, 2022, when it started roaring back.

To help stock investors interested in investing in Advanced Micro Devices (AMD) stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is AMD stock?

AMD stock is the stock of Advanced Micro Devices, Inc. and it trades in the US on the NASDAQ Stock Exchange under the symbol NASDAQ: AMD.

Advanced Micro Devices, Inc. is an American multimedia semiconductor company that develops processors for computers as well as other related technologies for business and market consumers. It is based in Santa Clara, California.

AMD’s main products include motherboard chipsets, servers, microprocessors, embedded processors, embedded systems, workstations, and personal computers.

Should I buy AMD stock today?

If you want to invest in a rising stock, then the AMD stock could be a good choice.

Nonetheless, since the stock just came from a free-fall, it is important to be cognizant of the fact that it is not guaranteed that the current bullish correction shall last.

AMD stock price prediction

Currently, analysts have set their eyes on the $127 price target that they believe the stock could easily hit if it continues on the same bullish trajectory.

$AMD stock social media coverage

Didn’t hit my pre-market goal of a +20% day… but at least it was in the right direction 😉

No moves

Top $SE $SHOP $AMZN $AMD $SQ $CRWD $TTD $APPS $ATY $EGLX $MGNI $PYPL

Let’s hear some celebrations, how’d you guys do? 👇

🦜 pic.twitter.com/gIWRjVQItH

— Parrot 🦜 (@ParrotStock) January 31, 2022

*AMD STOCK GAINS 8% IN AFTER HOURS ON BLOWOUT EARNINGS, STRONG OUTLOOK$AMD pic.twitter.com/WX3YSRXHxT

— Investing.com (@Investingcom) February 1, 2022

The post Where to buy AMD stock: it is rising after issuing a strong 2022 sales outlook appeared first on Invezz.

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