AMD (AMD) Stock Could Trade Below Fair Value On Cash Flow

Advanced Micro Devices has been one of the headline AI chip stocks, and after a multiyear surge the real question is whether its current share price lines up with the cash flows the business is expected to produce. Over the past 3 years the stock has returned very roughly 4.8x, which puts a lot of weight on the idea that future cash generation can support such a step up in equity value. New AI infrastructure efforts like the Helion rack blueprint and large GPU deployments with partners such...