AMD has been on a crazy hot streak the last few years, outperforming the market by many multiples, outperforming its peers (INTL, NVDA) and outperforming just about every other stock except for a few giants.
This stock is super frothy at this point, right? Granted that it still makes good products, but I don't know how the ~500 PE can be justified when NVDA is ~220 and INTL is ~negative.
Or do people not care about PE anymore and just believe that AMD will continue grow its revenue amidst the AI tsunami?
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