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Advanced Micro Devices Amd

All articles tagged with #advanced micro devices amd

finance2 years ago•4 min saved

"Top AI Stocks to Multiply Investments in the Upcoming Bull Market"

Analysts predict that the stock market will continue to rise in 2024, with the S&P 500 potentially jumping 13% and the Nasdaq-100 Technology Sector index delivering strong gains. Two stocks to consider for potential gains in 2024 are Advanced Micro Devices (AMD) and SoundHound AI. AMD's stock has already doubled in 2023, driven by the resurgence in the PC market and the company's AI chips. With the expected growth in PC sales and the increasing demand for AI-powered PCs, AMD is well-positioned to benefit. SoundHound AI is also anticipated to perform well in 2024, with a solid revenue pipeline and a projected 50% spike in revenue for 2023. The stock is currently undervalued and offers potential upside.

via The Motley Fool|

#advanced-micro-devices-amd #artificial-intelligence-ai #bull-market

technology2 years ago•2 min saved

Investors Eyeing a New Chip Champion, Leaving Nvidia Behind

Retail investors are shifting their focus from crypto stocks to the semiconductor sector, particularly chip stocks, as they search for opportunities among Nvidia's competitors. Advanced Micro Devices (AMD) has been leading the charge, with its shares experiencing record inflows and gaining 100% in 2023. If the momentum in semiconductor stocks continues, individual traders may make AMD their new top pick to close the gap with Nvidia, which has seen a 172% gain in 2023. Other chip names like Broadcom are also seeing increased retail appetite, but there is a caution about heightened volatility due to a surge in out-of-the-money option call turnover.

via MarketWatch|

#advanced-micro-devices-amd #chip-stocks #nvidia