1 Super Semiconductor Stock Down 30% You'll Wish You'd Bought on the Dip
The development of popular artificial intelligence (AI) applications like OpenAI's ChatGPT wouldn't be possible without advanced semiconductors (chips). They are fitted inside data centers managed by cloud providers like Amazon, which are rented by AI developers to train their models.
Semiconductor giant Nvidia has an estimated 90% market share in the emerging industry for AI data center chips, but Advanced Micro Devices (NASDAQ: AMD) recently launched its own line of competing hardware.
AMD has struggled over the last 12 months because its core business involves selling chips for segments like gaming and personal computing -- precisely where consumers have cut spending amid challenging economic conditions. As a result, AMD stock trades 30% below its all-time high.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 89 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 175 € shows a positive potential of 44.41% compared to the current price of 121.18 € for Advanced Micro Devices Inc..
