Is AMD Stock a Buy Now?
When it comes to investing in Advanced Micro Devices (NASDAQ: AMD) for its artificial intelligence (AI) chips, it may seem like a bad call given Nvidia's market lead. Indeed, with Nvidia holding an estimated 80% or more of the market according to estimates, it may seem counterproductive to buy AMD stock because of its AI.
However, AMD has a long history of catching up to competitors. Moreover, it appears to have made a move that could make the semiconductor stock a major player in the AI chip market.
On July 10, AMD announced it would acquire Silo AI. The purchase will cost AMD $665 million, and that investment will bring Europe's largest AI lab under its control. Silo AI's mission is to help organizations implement the most advanced AI technology available, a factor that should work to AMD's benefit.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 80 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 176 € shows a positive potential of 36.5% compared to the current price of 128.94 € for Advanced Micro Devices Inc..
