Advanced Micro Devices is benefiting from an expanding partner base amid stiff competition from NVIDIA in the data center and AI space.
Shares of Advanced Micro Devices ( NASDAQ:AMD ) fell by -8.78% over the past month, brining the chipmaker's year-to-date losses t0 -13.54%.
Advanced Micro Devices (NASDAQ: AMD) has kicked off 2025 on a weak note, with its stock down over 14% year-to-date, trading at $103.73 at press time.
While Advanced Micro Devices NASDAQ: AMD lost GPU market share to NVIDIA NASDAQ: NVDA during the initial AI boom, it stands to retake that share and more over time.
If you've been following the artificial intelligence (AI) narrative over the last couple of years, then chances are you're familiar with the term "large language model" (LLM).
Advanced Micro Devices (AMD 3.84%) stock is posting gains in Monday's trading. The company's share price was up 3.9% on the day as of 11:30 a.m.
Advanced Micro (AMD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The potential for artificial intelligence (AI) to improve the fortunes of leading businesses has been a huge catalyst for the stock market over the last few years. IDC anticipates spending on AI, including infrastructure and business services, to reach $632 billion by 2028.
Tech stocks have hit a rough patch, dragging the broader market lower after leading the rally in 2023 and 2024.
Advanced Micro Devices, Inc. has entered oversold territories, thanks to the bursting AI bubble and the uncertain recessionary risks, with it now halved from 2024 peaks. AMD's AI accelerator prospects are undeniably mixed, albeit well-balanced by the robust EPYC adoption in the cloud sector and growing x86 market share. Combined with the still rich Free Cash Flow generation and the healthy balance sheet, we believe that it remains well positioned to weather the trough H1 '25 period.
One of the biggest mistakes investors make when trading their portfolios and putting capital to work is staying away from discounts. It is human nature to avoid a stock chart that has been down and to the right as fears of a continuation in the same direction start to kick in.
Advanced Micro Devices (NASDAQ: AMD) stock's performance in 2024 has been a major surprise. The equity entered the year strong, rallying approximately 40% between January and March, but then entered a downtrend it hasn't escaped to date.