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Motley Fool
Is It Too Late to Buy AMD Stock?
Advanced Micro Devices (NASDAQ: AMD) has turned in a fine performance on the stock market in 2021, with shares of the chipmaker soaring more than 66% so far and easily outpacing the broader market’s growth. The first thing that potential AMD investors may want to look at is the stock’s valuation. AMD was also trading at cheaper multiples at the beginning of October, before an outstanding earnings report and a potentially lucrative contract sent its shares soaring and inflated the valuation.