Why Advanced Micro Devices, Super Micro Computer, and Palantir Rocketed Between 127% and 246% in 2023
Shares of AI-related technology stocks did phenomenally well in 2023, even those not named Nvidia (NASDAQ: NVDA).
In fact, three "Nvidia-adjacent" companies, such as AI accelerator competitor Advanced Micro Devices (NASDAQ: AMD), server-maker partner Super Micro Computer (NASDAQ: SMCI), and big data software platform Palantir (NYSE: PLTR) each had very big years in 2023, rising 127.6%, 246.2%, and 167.4%, respectively, according to data from S&P Global Market Intelligence.
Of note, Super Micro Computer's gain even exceeded Nvidia's 238.9% gain in 2023. Here's how these three did it and what may be in store for these 2023 winners in 2024.
Source Fool.com
Advanced Micro Devices Inc. Stock
€143.16
2.830%
With 79 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 178 € shows a positive potential of 24.34% compared to the current price of 143.16 € for Advanced Micro Devices Inc..
