Advanced Micro Devices, Inc.'s MI300 accelerator is driving explosive data center sales growth, narrowing the gap with Nvidia and promising significant profit surges in the coming quarters. AMD's data center sales grew 115% YoY in 2Q24, with the MI300 accelerator and EPYC server CPUs as key growth catalysts. AMD is projected to grow profits 50% faster than Nvidia next year, making it a potentially better value investment at a lower profit multiple.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
AI stocks, especially semiconductor companies like Nvidia, have outperformed the S&P and Nasdaq since 2021 but come with high volatility and risk. The SOXX ETF offers a better risk-return ratio compared to the leveraged SOXL, making it a safer choice for investors. Reducing volatility to 14% for individual stocks like Nvidia, Broadcom, and AMD can still yield impressive returns while managing risk.
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.