Why Advanced Micro Devices Could Be This Year's Best Value Play

Advanced Micro Devices (NASDAQ: AMD) stock has already risen by more than 105% over the last year of trading. With the company's market capitalization sitting at $407 billion, the semiconductor specialist is valued at approximately 11.8 times this year's expected sales and 36 times expected earnings.With those growth-dependent valuation levels, AMD may not look like much of a "value" play by conventional metrics. On the other hand, the passage of time could wind up showing that the stock was actually in deep-value territory at current prices.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool