AMD: Correction, Strong Balance Sheet, Ties To A.I.

The most attractive 2024 chip stocks are those that have already seen a correction, a strong balance sheet, and have ties to A.I., notes a Stifel analyst on AMD (AMD). George Tsilis discusses AMD as it hit a 52-week high on December 29th. Stifel raised AMD’s price target to $170 from $145. AMD is up 127% year-over-year and up 21% in December. Tsilis then demonstrates an example trade using AMD. The trade type is sell a put and the direction is neutral to bullish. Tune in to find out more about the stock market today.