Advanced Micro Devices, Inc.'s (NASDAQ: AMD ) AI event last week indicated that the company is going all-in on the Data Center AI GPU opportunity. AMD announced a new AI accelerator, set to launch in Q1 ’25, that is meant toAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AMD, NVDA, INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha) ...

When I last covered Advanced Micro Devices, Inc. (NASDAQ: AMD ) on May 2nd, 2024 with “ AMD: Uptrend In Danger of Reversal ,” the stock had experienced fairly dramatic declines of nearly -37.9% in less than eight weeks. As aAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no ...

The growing effectiveness of artificial intelligence is attracting investors.AMD (AMD 2.26%) is following in the footsteps of Nvidia (NVDA -0.01%) and planning annual upgrades to its artificial intelligence (AI) products.*Stock prices used were the afternoon prices of Oct. 10, 2024. The video was published on Oct. 12, 2024. ...

CHINA - 2024/09/21: In this photo illustration, an AMD logo is displayed on the screen of an iPad. ... [+] (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCould AMD stock reach $300 in the next few years? We think there is a possibility. How? Consider this, just about eleven months ago, at the end of October 2023, AMD stock was trading at around $90 levels. This year the stock has grown over 80% since, and trades at close to $165 present ...

Nvidia is sold out for the next year, while CEO Lisa Su gives the most bullish AI forecast yet.How long will the strong artificial intelligence buildout last? The market appears optimistic, with AI chip leader Nvidia (NVDA -0.01%) trading at 34 times forward earnings estimates and challenger Advanced Micro Devices (AMD 2.26%) trading at 30 times.However, there is a considerable debate among investors as to whether this hypergrowth is sustainable, or whether the AI buildout is going to pop like the dot-com b ...

U.S. stocks settled higher on Friday, with the S&P 500 and Dow Jones index surging to fresh highs during the session. U.S. major averages also recorded gains for the fifth straight week, with the S&P 500 and Nasdaq adding 1.1% each, while the Dow gained 1.2% last week.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and pr ...

So far the AI growth story around Advanced Micro Devices (NASDAQ: AMD ) has centered around its ability to catch up to Nvidia ( NVDA ) in the data center server GPU space. In fact, following AMD’s ‘Advancing AI’ event recently whereStriving to uncover long-term investment opportunities (10+ years) through in-depth research and analysis. Nexus Research seeks to evaluate and compare business strategies to determine a company’s potential for market penetration, revenue growth and profit margin expansion. Durin ...

The share price of Advanced Micro Devices (NASDAQ: AMD) ended the latest trading session in the green, seemingly receiving a boost from the company’s October 10 artificial intelligence event.AMD is valued at $167, gaining over 2% in 24 hours. Indeed, the gains helped the stock end a streak of volatility seen on the weekly chart. Over the past week, the stock has plunged 1.7%, while on the monthly timeframe, AMD is up by 11%.AMD one-day stock price chart. Source: Google FinanceDuring the Advancing AI Event 2 ...

One figure points to a significant change that could spark considerable stock price growth.On some levels, Advanced Micro Devices (AMD 2.26%) looks increasingly like a competitor to Nvidia in the artificial intelligence (AI) accelerator market. While almost everyone perceives Nvidia as the dominant player in this market, AMD raised some eyebrows by winning a contract from Oracle.Still, for all these accolades, AMD is barely profitable, and its revenue growth rate remains mired in the single digits. Also, de ...

Advanced Micro Devices (AMD) on Thursday (Oct. 10) unveiled a new artificial intelligence (AI) chip aimed at breaking Nvidia’s stronghold on the lucrative data center GPU market. The launch of AMD’s Instinct MI325X accelerator marks an escalation in the AI hardware arms race, with implications for businesses investing in AI.AMD’s announcement came during its Advancing AI 2024 event, where the company revealed a broad portfolio of data center solutions for AI, enterprise, cloud and mixed workloads. This port ...