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Advanced Micro (AMD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Microsoft said on Thursday it plans to offer its cloud computing customers a platform of AMD artificial intelligence chips that will compete with components made by Nvidia , with details to be given at its Build developer conference next week.
To be sure, Wolfe analyst Chris Caso still likes shares of Nvidia NVDA, +0.37% plenty, but he's now making “a tactical shift in priority” by adding Advanced Micro Devices Inc.'s AMD, +4.50% stock to Wolfe's Alpha List, which is its collection of “high-conviction” picks that could show meaningful outperformance over a 12-month span.
Although it opened the year with consistent growth, Advanced Micro Devices (NASDAQ: AMD) stock has moved in a downside trend since early March, only attempting to recover its price in the last couple of days, but analysts are optimistic, trusting its recovery would continue in the next 12 months.
Lattice Semiconductor has been benefiting as Intel and AMD sunset some products. The chipmaker has an established record of growing sales and expanding profit margins.
Despite its size and business nature, semiconductor company Advanced Micro Devices (NASDAQ: AMD ) may not reach a trillion-dollar market cap like Nvidia (NASDAQ: NVDA ) in the AI market. While its GPUs suit AI platforms, Nvidia dominates this market, and Intel (NASDAQ: INTC ) leads in the personal computing market.
Cisco Systems (CSCO), AMD (AMD), and Amazon (AMZN) are today's big three stocks. Joe Tigay and Ben Lichtenstein discuss the technical trends, as well as how to trade these names.
Though it started the year very strong, the semiconductor giant and Nvidia's (NASDAQ: NVDA) arguably biggest competitor, Advanced Micro Devices (NASDAQ: AMD), has been struggling in recent weeks.
For investors who can see the revolutionary potential of disruptive stocks, chances abound. These three businesses provide excellent investment opportunities since they are leading innovators.
Tech stocks have soared over the last decade, and could deliver even more growth thanks to AI. AMD has steadily gained market share in the chip sector, while Nvidia's has decreased.