Sure, artificial intelligence (AI) stocks have seen a boom in their stock prices, but unlike many past bubbles, the hype around AI seems to be the real deal -- at least for the most part. Bubbles tend to form when stock prices go up a lot without a requisite jump in revenue and profits, but Nvidia's (NASDAQ: NVDA) blowout guidance given in May 24 shows the AI trend is translating into real revenue and profits for well-positioned companies. 

Of course, where there's strong profits, competition will follow. That's why June 13 will be a pivotal day for Advanced Micro Devices (NASDAQ: AMD), which is looking to challenge Nvidia's AI dominance. Yet no matter who wins this race, a third tech company apart from these two is bound to benefit either way.

June 13 is the day when AMD will hold its AI Technology and Data Center presentation, in which it will unveil its AI platform and strategy. Many think it's likely AMD will reveal details of its new MI300 accelerated processing unit (APU), which will take on Nvidia's H100 systems in AI servers.

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Source Fool.com