Wall Street Is Wrong About These 2 Chip Stocks
Investors are missing the long-term opportunities for Broadcom and AMD.
Overview
Advanced Micro Devices (NASDAQ: AMD) and Broadcom (NASDAQ: AVGO) shares have been volatile over the past three months, with some drops coming even as the companies recently reported impressive quarterly sales and earnings that beat analysts' consensus estimates.
So, why is Wall Street getting these chip stocks wrong right now? Because investors are having a hard time wrapping their heads around the sheer size and long-term potential of the current artificial intelligence (AI) infrastructure boom.
Details
Here's why they're missing it.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.