Why AMD's Impressive Growth Is Just Getting Started
Advanced Micro Devices (NASDAQ: AMD), which investors better know as just AMD, is one of the top chipmakers in the world. While it's often seen as a distant second to Nvidia and its industry-leading chips, AMD has been garnering a lot more attention of late. This year, the stock has been outperforming its rival with gains of around 70%, compared to just 33% for Nvidia.
AMD's growth has been accelerating, and its chips have been attracting the attention of leading artificial intelligence (AI) companies, including ChatGPT maker OpenAI, which is a key customer. In the long term, there can still be much more growth to come for the business.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€185.12
-1.370%
The stock is one of the favorites of our community with 112 Buy predictions and 3 Sell predictions.
With a target price of 228 € there is a positive potential of 23.16% for Advanced Micro Devices Inc. compared to the current price of 185.12 €.
