Advanced Micro Devices (AMD) has seen a remarkable 21% surge in value since my previous assessment in August, but I believe the growth stock has now reached overvalued territory. Despite this, I predict a potential upside of over 20% in market capitalization within the next year.
Note: The author of this article holds a long position in Alphabet Inc. (GOOGL) and has no business relationship with AMD or any other company mentioned. The views expressed are the author’s own and do not constitute investment advice. Past performance is not indicative of future results, and investors should conduct their own research before making any investment decisions.
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