Advisors Capital Boosts Advanced Micro Devices, Inc. (AMD) Holdings by 5.7%

Company Overview - Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company headquartered in Santa Clara, California, operating in three segments: Data Center, Client and Gaming, and Embedded [4] Investment Potential - Advisors Capital Management LLC increased its stake in AMD by 5.7%, purchasing 2,907 shares, bringing their total ownership to 53,503 shares valued at $5,497,000 [1] - The company's growth outlook could fuel the stock price to increase by 50% to 100% over the next 12 months, presenting a potential opportunity for investors to acquire the stock [3] AI Market Position - AMD plans a 70% price surge for its MI350 AI chips, indicating its strong position in the profitable AI GPU market [2] - Despite a slowdown in AI chip demand and competition from Nvidia and Broadcom, AMD is advancing its AI strategy and maintaining leadership in CPUs [3]