AMD one of the two best stocks of 2019

CNBC is mentioning APPLE and AMD as the best performing stocks in 2019.

Apple and Advanced Micro Devices are the biggest winners in two major stock market indexes this year.
The S&P 500 is up nearly 30% for the year, and the Dow Jones Industrial Average has risen more than 22%.
Semiconductor stocks make up many of the best performers for the year. CNBC

CNBC reports that, AMD is just one of several chipmakers that have posted a banner year on booming demand for data centers and niche areas like gaming. Lam Research is up more than 115%, and KLA has nearly doubled as well. The strong year for semiconductor stocks has confused some of the top analysts covering the industry, as it came amid a barrage of trade war news that clouded the near-term outlook for companies. The highest price target on Wall Street for AMD is from RBC Capital Markets. RBC analyst Mitch Steves values the stock at $53 per share, nearly a 15% premium to where the stock closed Friday.

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Mohsen Daemi
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