Every AMD Stock Investor Should Keep an Eye on This Number
AMD(AMD) The Motley Fool·2024-10-12 13:45
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 ...