2 Reasons to Buy AMD Stock Right Now

Harsh Chauhan, The Motley Fool

July 14, 2020 at 9:45 AM·5 min read

Advanced Micro Devices (NASDAQ: AMD) stock got a nice shot in the arm recently after Bank of America reiterated its buy rating, indicating that the chipmaker still has room to run higher after its impressive show so far in 2020. The investment bank expects AMD to hit $65 thanks to catalysts such as the launch of new gaming consoles from Sony and Microsoft. BofA believes that AMD could easily hit its price target thanks to the arrival of new consoles, and it is easy to see why it thinks so.

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2 Reasons to Buy AMD Stock Right Now

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