Better Artificial Intelligence (AI) Stock: Arm Holdings vs. Advanced Micro Devices
Arm Holdings (NASDAQ: ARM) and Advanced Micro Devices (NASDAQ: AMD) have witnessed contrasting fortunes on the stock market in 2024, with one of these companies sitting on healthy gains so far this year while the other one underperforms the broader semiconductor market.
Arm stock has jumped 50% this year. AMD, on the other hand, has lost 10% of its value compared to the 10% gains clocked by the PHLX Semiconductor Sector index. It is worth noting that both companies are benefiting from the growing demand for artificial intelligence (AI) chips in different ways.
Here's a closer look at the AI-related prospects of both Arm and AMD to help you find out which of these two companies are worth your money right now.
Source Fool.com
Advanced Micro Devices Inc. Stock
€123.02
-1.440%
With 85 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 42.25% compared to the current price of 123.02 € for Advanced Micro Devices Inc..
