This Analyst Was Right About Advanced Micro Devices (AMD)

Core Viewpoint - Advanced Micro Devices Inc (NASDAQ:AMD) is positioned to be a significant player in the AI market, with expectations of substantial growth in its AI-related revenue and product offerings in the coming years [1][2]. Group 1: Market Position and Growth Potential - Glen Kacher, founder of Light Street Capital, believes AMD will be a "winner" in AI, with its best days ahead in terms of AI exposure [1]. - AMD's AI category is projected to grow to a $5 billion market within the next year [1]. - The company has seen a 36% increase in shares over the past year and a 95% increase so far this year, largely due to a deal with OpenAI to supply 6 gigawatts of compute capacity [1]. Group 2: Competitive Landscape - AMD currently holds a small market share in GPUs for AI applications but is expected to have products comparable to market leader NVIDIA by 2027 [2]. - Hyperscale customers may increasingly opt for dual-sourcing high-end chips, which could lead to larger revenue and profit gains for AMD than currently anticipated [2].