2 Ultimate Growth Stocks to Buy With $1,000 Right Now
AMDAMD(US:AMD) The Motley Fool·2024-11-12 01:15

Group 1: AI Impact on Stocks - Artificial intelligence (AI) is a significant theme on Wall Street, benefiting the technology sector and driving share price growth for AI-powered stocks in the long run [1] - Companies leveraging AI technologies are expected to see continued upward price movements as they drive a paradigm shift across various sectors [1] Group 2: Advanced Micro Devices (AMD) - AMD's shares declined after the release of its third-quarter fiscal 2024 results, despite revenues exceeding expectations and earnings aligning with consensus estimates [4] - Concerns exist regarding AMD's ability to capture a significant share of the global AI market, with management projecting a 60% annual growth in the AI accelerator addressable market for its data center GPU segment, reaching $500 billion by 2028 [5] - AMD's data center segment reported a 122% year-over-year revenue increase to $3.5 billion, driven by strong demand for its EPYC CPUs [6] - The adoption of AMD's MI300X accelerators is growing among cloud and AI players, with Microsoft and Meta Platforms utilizing these chips for their AI infrastructure [7][8] - AMD's client segment also experienced a 29% year-over-year revenue growth to $1.9 billion, supported by the launch of the Ryzen 9000 series processors [9] Group 3: Microsoft - Microsoft's shares fell after its first-quarter fiscal 2025 results, despite surpassing sales and earnings expectations, primarily due to lower-than-expected revenue guidance for its Azure business [11] - Azure accounted for 20% of the global cloud infrastructure market, with a 33% year-over-year revenue increase in the third quarter of 2024, aided by AI services contributing approximately 12 percentage points to this growth [12] - The partnership with OpenAI has been crucial for Microsoft, with AI-powered businesses projected to exceed a $10 billion annual revenue run rate [15] - Microsoft is investing heavily in building next-generation cloud-native AI infrastructure and optimizing its technology stack for AI workloads, anticipating accelerated growth in its AI business starting in the second half of fiscal 2025 [16] - The company has maintained double-digit growth in both top and bottom lines, returning $9 billion to shareholders through dividends and share repurchases in the third quarter [17]

AMD-2 Ultimate Growth Stocks to Buy With $1,000 Right Now - Reportify