Advanced Micro Devices Inc

AMD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$875.00	Hzsll	Lzzyqrmb

AMD: Shares Undervalued as It Takes a Piece of the AI Pie

Brian Colello

Aug 23, 2023

We maintain our $130 fair value estimate, narrow moat rating, and Exemplary capital allocation rating for Advanced Micro Devices, as we continue to like the firm’s chances of carving out a decent position in the artificial intelligence accelerator chip market in the years ahead. With shares trading near $106, we view AMD's shares as undervalued.

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