Advanced Micro Devices (NASDAQ: AMD) has been one of the best performing stocks of 2021, and this trend now appears to be accelerating.
Advanced Micro Devices has seen mentions of its ticker soar in the last 24 hours on the infamous Reddit forum, WallStreetBets.
However, unlike some of the other companies that have been actively discussed within the community, this is one with genuine fundamental value.
The performance of AMD has been exceptional throughout 2021, and its growth is now accelerating once again. So, this article answers the in-demand questions including what AMD is and whether or not you should buy shares today. To get things started, scroll down to find out the two best places to buy AMD shares in the UK and elsewhere.
How & where to buy AMD stock online
To invest in AMD, or any other publicly traded company, simply choose a stockbroker, sign up, deposit funds and purchase shares via the desktop or app interface.
We feel the two options below are the best platforms to buy, sell and trade AMD stock thanks to their low fees and quality customer support:
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What is AMD?
It is an American multinational semiconductor corporation that was founded in California back in 1969. Advanced Micro Devices is involved in the design, development, production and sale of computer processors and various other complex technologies that have applications in both the consumer and corporate sectors.
Should I buy AMD stock?
If you are looking for a tech stock with strong fundamental value and excellent growth prospects, AMD is a great option to consider.
It has massively outperformed rivals like Intel both in terms of market performance and general product reviews this year, though with Apple’s release of its new M1 chip and the potential debut of its flagship M2 chip by the end of the year, the competition could be about to heat up.
AMD price prediction
We remain bullish with our AMD price target, though we are conscious of the stock’s potential volatility. Our 12-month high target stands at $170, with a median of $107 and a low of $17.