Investors have piled into Advanced Micro Devices (NASDAQ: AMD) stock in 2023, driving the shares up 89% year to date. After a temporary pullback over the summer, the stock surged higher following the release of the company's third-quarter financial results. It is enjoying solid momentum in sales of central processing units (CPUs).
Advanced Micro (AMD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Strong economic growth and cooling inflation bode well for the U.S. stock market. In this economy, retail investors can consider buying growth stocks that have the potential to rally in an upcoming bull market. Here's why Advanced Micro Devices (NASDAQ: AMD) and Snowflake (NYSE: SNOW) fit the bill.