Advanced Micro Devices (NASDAQ: AMD) looks like it could be the next stock to be targeted by Reddit investors in a dramatic week of trading.
AMD vs Intel is the perennial debate for all microchip connoisseurs to spiritedly get involved in. Both have performed admirably on the stock market in recent years, though many now feel AMD could be in for a price pump at the hands of Reddit investors.
With this in mind, this article explains what AMC is, where to buy AMD stock in the UK and elsewhere, and what the future holds for the company.
Where to buy AMD stock online
The best place to buy AMD shares is an online stockbroker. These regulated platforms offer low-fee access to numerous investment instruments, from stocks to cryptocurrencies, and forex to commodities. Here are our two top picks for AMD trading:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
What is AMD?
Founded in California in 1969, Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor player. It designs, develops and produces computer processors and other technologies for use in both the corporate and consumer sectors.
Should I buy AMD stock now?
If you buy into the value proposition of the company, conduct due diligence, set an entry price and wait patiently for your time to pounce.
By contrast, if you buy into the short squeeze narrative and believe Reddit investors can take AMD to new heights with the power of sentiment alone, you may also want to invest.
Just make sure you do your own research and never invest money you can’t afford to lose, especially with a stock that could experience volatility thanks to unpredictable market forces.
AMD price target
Our 12-month AMD price prediction is a high of $170 with a low of $17, and this sizeable range is indicative of the company’s inherent volatility. Expect this trend of fluctuation to continue as more and more Reddit investors pile in, affecting the company’s market behaviour.