AMD Is Positioned for Growth Amid AI Revolution

It has been over a year since the generative artificial intelligence craze took off, triggering a spike in the share prices of semiconductor companies whose GPUs feed into that market. The most prominent players have been Advanced Micro Devices Inc. (AMD, Financial) and Nvidia Corp. (NVDA, Financial), with the former being my focus in this analysis. While both stocks initially surged, the first half of 2024 has not been as favorable to AMD. Nevertheless, the company's shares have risen more than 20% year to ...