MSFT vs. AMD: Which Big-Name Stock Is a Better Buy Right Now?
Despite rampant macro headwinds, market optimism is rising ahead of New Year's. Benchmark indices have been gaining over the past week. Also, inflation expectations are improving, raising hopes that the U.S. might avoid a recession. Big-name stocks MSFT and AMD might benefit from the market's positive outlook. However, let's find out which is the better buy right now….
Tech giant Microsoft Corporation $Microsoft (MSFT.US)$ needs no introduction. It develops, licenses, and supports software, services, devices, and solutions worldwide.
On the other hand, Advanced Micro Devices, Inc. $Advanced Micro Devices (AMD.US)$ is a semiconductor pioneer operating in two segments, Computing and Graphics; and Enterprise Embedded and Semi-Custom.
While the U.S. economy remains riddled with macro headwinds, the stock market seems optimistic ahead of New Year. The S&P 500 and Dow Jones Industrial Average have gained more than 3000 points over the past week.
Moreover, according to the White House's chief economist, Jared Bernstein, "A recession is not inevitable. I think there are reasons to be optimistic that the path to a steady and stable transition is plausible and credible."
Furthermore, U.S. short-term inflation expectations have dropped to the lowest levels since June 2021. Respondents to the University of Michigan's final survey of consumers expressed that they expect prices to advance only 4.4% in 2023. Falling inflation rates are expected to boost overall markets substantially.
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