Adv Micro Devices (AMD)

AMD is generating strong FCF that could push AMD stock much higher. With high FCF margins going forward, AMD stock could rise at least 16% to $120 and up to 44% higher to $150.

Advanced Micro Devices is firing on all cylinders. Its market share is growing significantly and the Xilinx merger could be a game changer. Load up on AMD stock.

AMD is an even better buy now than it was at the start of the year, fulfilling its past profit promises and buying Xilinx.

Advanced Micro Devices is producing consistent FCF, pushing AMD stock higher. AMD stock is worth 31% more, at $141.76 per share.

Shares of Advanced Micro Devices are down 5% in the past week presenting an opportunity for investors to buy the dip. The pullback in AMD stock comes after the share price ripped 25% higher over the past month, hitting a 52-week high of $122.49 before falling back to its current price of $104.38. However, the dip is likely to be temporary and investors should buy shares of the semiconductor company before they move higher.

AMD stock has gained more than 25% in recent weeks, and the breakout may have only just begun, according to Wall Street analysts.