Chipmaker Advanced Micro Devices (NASDAQ: AMD) doesn't have the market share or Wall Street buzz that archrival Nvidia does in the artificial intelligence (AI) race. But rest assured, second place isn't necessarily a bad place to be.

The company has an ocean of opportunity ahead of it, with a rapidly growing AI market that will give AMD every opportunity to grab a piece. Also, market volatility has returned, and shares are down nearly 20% over the past month.

I'll explain why this is a stellar buying opportunity for long-term investors.

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Source Fool.com