Advanced Micro Devices (AMD) stock has been gaining noticeable momentum, mainly due to their involvement with
Artificial Intelligence (AI). The company's CEO Lisa Su, has announced promising news that has intrigued investors. The tech giant unveiled new AI processors at the
Advancing AI 2024 event, which was met with mixed reactions and increased competition from Nvidia's Blackwell Chips. Goldman Sachs highlights AMD as a stock with high consensus ROE, alluding to possible investor attention. Their position in gaming profit as a gaming stock and their contribution to
data centers through their cutting-edge semiconductors have been recognised. Stratos Investment Management LLC showed their support by boosting their holdings in AMD. AI Sales projections expect a doubling in the year 2025. Despite some caution voiced about the new AI chip revenue, their advancements in
AI and Data Centers has still seen a rating upgrade. Their partnership with Intel to counter Arm's rising dominance in computing has been reported and a launch of new AI chips is expected to combat 'insatiable' AI demand. Competition from Nvidia and Intel threats AMD's growth, however, they continue to plan to rival Nvidia with their own enhancements. Their role in the AI revolution is noted.
Advanced Micro Devices AMD News Analytics from Sun, 04 Aug 2024 07:00:00 GMT to Sat, 19 Oct 2024 21:42:39 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
