AMD's Stock Surged 24% on Its OpenAI Partnership and Is Near an All-Time High. Is It Still a Buy?

AMD has played second fiddle to Nvidia throughout the AI arms race.AMD (AMD -1.25%) hasn't been the success story many investors hoped it could be. AMD is seen as an alternative pick to Nvidia, the current king of artificial intelligence (AI) computing. The thesis was that AMD could serve as a viable alternative to Nvidia's products, and maybe gain some market share if Nvidia's prices got too high.That thesis hasn't panned out, and the stock is just now approaching its all-time high established in early 202 ...