Chipmaker Advanced Micro Devices could follow Nvidia's growth path. Asian tech conglomerate Sea Limited may finally be on the road to recovery.
The share price of computer processor maker Advanced Micro Devices (NASDAQ: AMD) has resumed bullish momentum, aligning with the overall stock market rally following the Federal Reserve's interest rate cut.
AMD secured a major win by supplying processors for Sony's PlayStation 6. The company is also making significant strides in the GPU accelerator market, closing the gap with Nvidia in AI inference benchmarks. Accretive design wins and continued progress in accelerator design and sales make AMD a Buy.
Nvidia Corporation dominates AI datacenter GPU sales, but AMD is rapidly enhancing its software and hardware capabilities to capture market share, recommending a Strong Buy on AMD. AMD's acquisitions of SiloAI and ZT Systems, along with ROCm software updates, aim to compete with Nvidia's CUDA and expand AMD's TAM significantly. AMD's projected 20% CAGR in revenue through FY25, improving margins, and undervaluation compared to peers suggest strong upside potential, with a price target of $213.
AMD is adept at catching up with competitors. Assuming it can also catch up in the AI chip market, its growth will likely continue.
AMD CEO Lisa Su joins 'Mad Money' host Jim Cramer to talk the latest tech advancements, competition in the space, the state of AI and more.
AMD CEO Lisa Su joins 'Mad Money' host Jim Cramer to talk the latest tech advancements, competition in the space, the state of AI and more.
Advanced Micro Devices (AMD) closed the most recent trading day at $148.29, moving -1.68% from the previous trading session.
AMD secured the PlayStation 6 processor contract, beating out Intel to continue a long-term Sony relationship. The PlayStation 6 should be expected to maintain compatibility with PS5 and PS4 games, as it stays with a familiar hardware structure.
As the artificial intelligence (AI) craze still runs high, offering plenty of opportunities for growth stocks to achieve outstanding returns, two particular AI-focused stocks might have it in them to outpace the S&P 500 index through the decade's end.
Advanced Micro Devices has more than just the MI300X to compete against Nvidia.
Artificial-intelligence-focused chip makers are expected to grow briskly. But artificial intelligence requires servers, memory, and more -- so consider other stocks, too.