In the recent developments in bio-tech market, news suggests that
Advanced Micro Devices, Inc. (AMD) is gaining steam in investment circles. The company has announced an AI event sending its stock upwards. Prominent analyst,
Jim Cramer dubbed AMD as the only company capable of catching up to Nvidia. Cramer also mentioned Dreamforce as an advantageous event for AMD. Despite AMD's promising rise, some billionaires are selling their AMD and striking deals with other AI Companies. Short term weakness was also predicted, despite the consistent surge in demand. Amidst Intel's struggles, investors are wondering whether AMD can become the best future stock for long-term.
Pacer Advisors significantly increased their AMD holdings while Redditors and
Goldman Sachs showed bullish sentiment towards AMD. An analyst warned about the potential disappointment in the AI PC demand. Despite some declines, the company maintains a Buy rating and its GPUs are competitive with Nvidia's. The firm is also dubbed as an important
AI Stock. However, stock performance presented mixed results, with some dips due to the uncertainty revolving around AI.
Advanced Micro Devices AMD News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Sun, 22 Sep 2024 17:16:24 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor 2
