1 Growth Stock Down 38% to Buy Right Now

Several top chip stocks have surged to new highs recently, but Advanced Micro Devices (NASDAQ: AMD) has trailed the pack. After surging to an all-time high of $227.30 earlier this year, the shares have fallen to $141.13 as of this writing. The pullback comes as AMD reported mixed results across various markets this year.However, the data center business is AMD's largest revenue source, and it's growing at triple-digit rates. This demand for the company's advanced server chips could make the stock a compelling buy heading into 2025.Revenue from data centers grew 122% year over year in Q3, driven by strong sales of AMD's EPYC central processing units (CPUs) and Instinct graphics process units (GPUs). EPYC has become a popular CPU for data centers due to its ability to deliver competitive performance while driving down the cost of ownership. It's being used by several top services, including Microsoft's Office 365, Meta's Facebook, Salesforce, Uber, and Netflix.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool