As a leading chipmaker, Advanced Micro Devices has a critical role in AI. Meanwhile, Alphabet's diverse business model gives it multiple use cases for AI.
Demand for AI voice assistance is booming, and SoundHound AI can help investors profit. AMD is a great stock to profit from the growing demand for AI chips in data centers.
EyePoint Pharmaceuticals' Duravyu shows promise as a long-acting therapy for Wet AMD, potentially rivaling Regeneron's Eylea with its six-month dosing frequency. Positive Phase 2 Davio study data boosted EyePoint's stock, but concerns remain about efficacy, financial strength, competition, and patient/physician adoption. A recent NPDR study failure caused a significant stock drop, but upcoming Phase 3 Wet AMD and Phase 2 DME data could provide new catalysts for gains.
Advanced Micro Devices, Inc.'s quarterly earnings were quite good, but the stock has not shown a massive upswing. The most important metric for AMD will be the growth trajectory within its Data Center business. AMD's management has announced an 11% increase in the 2024 estimate of Data Center GPU sales, which shows a further increase in the growth momentum.
Advanced Micro (AMD) reported earnings 30 days ago. What's next for the stock?
Investors have rallied behind chip stocks amid advancements in artificial intelligence (AI).
Recovery of the PC market and a growing share of the client processor space are driving growth. AMD's server processor business is also picking up as is growth of its data center segment.
After years of stagnation, this server company's alliance with Nvidia has supercharged growth. AI chips have become increasingly important to this semiconductor stock.
Advanced Micro Devices, Inc. (NASDAQ:AMD ) Deutsche Bank Technology Conference August 28, 2024 4:15 PM ET Company Participants Mark Papermaster - Executive Vice President & Chief Technology Officer Conference Call Participants Ross Seymore - Deutsche Bank Ross Seymore I'm Ross Seymore, cover semiconductors here at Deutsche Bank. We're very pleased to have Mark Papermaster, the CTO of AMD on stage with us today.
Shares in AMD have risen 139% over the last year. However, it has only recently begun to see a return on its investment in AI.
AMD's latest planned acquisition is about building out an ecosystem and doing what it can to offer customers more in the AI race.
Increasing penetration in the data center market and rising profit margins are key positives for AMD. Nvidia's full-stack AI platform approach can play a critical role in expanding its reach in AI and high-performance computing markets.