Why AMD Stock Could Soar Higher in 2024
Chipmakers have attracted countless investors over the last year as a boom in artificial intelligence (AI) has sent demand for graphics processing units (GPUs) skyrocketing.
Nvidia has stolen much of the spotlight, with its shares up 200% year over year. However, chip companies at earlier stages in their ventures into AI could have more room to run. This is part of why Advanced Micro Devices (NASDAQ: AMD) is an attractive investment option in the space.
In 2023, Nvidia became the first chipmaker to exceed a market cap of $1 trillion. AMD still has a long way to go before coming anywhere close to that figure, with its market cap at $286 billion. However, that could mean it has far more growth potential over the long term.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Die Community zeigt großes Interesse an Advanced Micro Devices Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Bei einem Kursziel von 176 € ergibt sich ein positives Potenzial von 27.11% für Advanced Micro Devices Inc. im Vergleich zum aktuellen Kurs von 138.46 €.