AMD's Leapfrog Moment Has Arrived. Here's Why Now May Be a Once-in-a-Lifetime Opportunity to Buy the Stock.
Over the past couple of years investors haven't been able to buy semiconductor stocks fast enough. A big reason for this is because sophisticated chips known as graphics processing units (GPUs) are one of the core power sources of artificial intelligence (AI) applications such as machine learning and even autonomous driving.
As the AI narrative continues to push the markets higher, chip stocks will likely remain in high demand. As it stands today, Nvidia is widely considered to be the market leader among AI-powered chip companies. However, Nvidia just told investors that the company's new Blackwell series GPUs are going to be delayed due to a design flaw.
While I'm no supporter of schadenfreude, I see this setback at Nvidia as a once-in-a-lifetime moment for the company's biggest competitor, Advanced Micro Devices (NASDAQ: AMD). Let's examine the full situation at hand and assess how AMD could take advantage of Nvidia's hiccup.
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..
