Forget Nvidia: 1 Super Semiconductor Stock Down 29% You'll Regret Not Buying on the Dip Instead
Nvidia is the go-to supplier of graphics processing units (GPUs) for processing artificial intelligence (AI) workloads in the data center. Sales are soaring, with demand coming from some of the world's biggest tech companies like Microsoft and Amazon.
But Advanced Micro Devices (NASDAQ: AMD) has emerged as a worthy competitor, and its new data center GPUs are attracting some of Nvidia's most prized customers. However, AMD also makes the most powerful chips for AI-enabled personal computers, and it has taken a dominant position in that market.
AMD stock is trading 29% below its all-time high, but its recent financial report for the second quarter of 2024 (ended June 30) suggests investors might want to buy it right now.
Source Fool.com
Advanced Micro Devices Inc. Stock
€117.84
-0.920%
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 48.51% compared to the current price of 117.84 € for Advanced Micro Devices Inc..
