On Monday, shares of Advanced Micro Devices (AMD) saw an increase, despite some negative forecasts surrounding the semiconductor company. Analyst Stay Celebrity Rasgon from Bernstein has assigned a pending rating to AMD with a price target of $140, indicating a potential decline of about 12.85% in the stock value.
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Rasgon’s perspective on AMD isn’t particularly shocking. Historically, analysts have expressed skepticism about AMD, maintaining a cautious view on its competitor, Intel (INTC), which currently holds a rating of “hold” with a price target of $21, suggesting a possible 29.01% downturn for those stocks.
Rasgon appears to favor Team Green, giving NVIDIA (NVDA) a purchase rating with a price target of $225, indicating a prospective upside of 27.36% for that stock. With NVIDIA leading the charge in the AI sector, it’s understandable that Bernstein analysts prioritize NVDA shares over AMD and Intel. However, NVIDIA’s recent $5 billion investment may influence Rasgon’s outlook on Intel, and it might have had a role in the cautious rating and target prices for AMD as well.
Recent Movements in Semiconductor Stocks
Even with Rasgon’s pending rating, AMD shares experienced a rise of 2.35% on Monday, building on a notable 33.36% increase and a slight gain of 0.41% over the past 12 months.
In contrast, Intel’s shares fell by 1.66% today, yet they have appreciated by 45.14% since the beginning of the year. Over the past year, Intel’s stock has climbed 31.12%.
NVIDIA’s shares dipped 0.58% on Monday, although they’ve seen a rise of 30.87% since January 1st, and an impressive increase of 51.96% over the last twelve months.
AMD vs. INTC vs. NVDA: Which Semiconductor Stock Stands Out?
Using the Tipranks Stock comparison tool, traders can ascertain which semiconductor stocks are favored by analysts. Unsurprisingly, NVIDIA emerges as a top choice with a strong buy rating and an upside of 20.51%. AMD follows closely with a medium buy rating and a projected 16.44% upside, while Intel ranks lowest, holding a pending rating with a downside of 10.46%.
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