AMD vs Nvidia: Investment Insights and Future Prospects
TL;DR Summary
AMD's Data Center revenue surged 122% year-over-year to $3.5 billion in Q3 2024, driven by AI demand, while Ryzen processors boosted Client segment revenue by 29% to $1.9 billion. Despite a 69% drop in Gaming revenue and a 25% decline in Embedded, AMD's profitability remains strong, with Data Center operating income up 240%. The stock, currently trading near $140, is seen as a buying opportunity with a technical target of $196, supported by favorable market conditions.
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