Is AMD the Next Big Artificial Intelligence (AI) Stock?
Nvidia has been a monster winner in the artificial intelligence (AI) arms race. Its graphics processing units (GPUs) are the top pick for clients looking to outfit a server to train AI models. However, AMD (NASDAQ: AMD) also has a formidable offering but hasn't seen nearly the same rise as Nvidia.
So, is this a buying opportunity for AMD because it's also a significant player in the GPU industry? Let's find out.
Since the start of 2023, AMD has been up over 150%, which is spectacular until you compare it to Nvidia's 680% rise. Even this year, Nvidia is smoking AMD in terms of returns, as it has more than doubled while AMD is up around 16%.
Source Fool.com
Advanced Micro Devices Inc. Stock
€125.56
-1.790%
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 39.38% compared to the current price of 125.56 € for Advanced Micro Devices Inc..
