This Analyst Was Right About Advanced Micro Devices (AMD)

Glen Kacher, Light Street Capital founder, said during a program on CNBC in November 2024 that Advanced Micro Devices Inc (NASDAQ:AMD) will be a “winner” in AI and the company’s “best days” in terms of AI exposure were ahead of it. When asked why he believed the company would be a top performer, here is what the analyst said at the time: “ I think if you look at Amazon, Meta, or Microsoft, it’s very strategic for them to have a second source. They need to keep Nvidia’s pricing in check. Nvidia, to their c ...