AMD Stock Hit By Musk’s Nvidia Bet: BofA Says 'Ignore the Noise'
AMD stock fell after Elon Musk backed Nvidia, but BofA sees Helios driving $30-plus EPS as AMD captures a larger AI market.
AMD's stock dropped because Elon Musk supports a competitor, but analysts think AMD has a good product that could make it more profitable. When one company's stock goes down just because of what a famous person said, it might be a good time to look at what the company actually does.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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