Best Stocks to Buy Now: Is AMD Stock a Buy After Earnings?

By Eric Cuka – Aug 2, 2023 at 9:38AM

NASDAQ: AMD

Advanced Micro Devices

Market Cap

$243B

Today's Change

(3.04%) $4.44

Current Price

$150.60

Price as of May 3, 2024, 4:00 p.m. ET

AMD stock popped after earnings, with artificial intelligence (AI) in focus. Is AMD a buy now?

Is Advanced Micro Devices (AMD 3.04%) one of the best AI stocks to buy now? AMD stock popped off an earnings beat on both top and bottom lines. The company has been under pressure in recent quarters, but the market is excited about its future prospects. The video below breaks down earnings and brings you up to speed with analysis, commentary, and more. I also provide a comparison to Nvidia (NVDA 3.46%) to show you how the two companies compare from a valuation perspective.

*Stock prices used were the evening prices of August 1, 2023. The video was published on August 1, 2023.

Eric Cuka has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.