AI Is Powering AMD's Future

Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance

AI Is Powering AMD's Future

Amidst the artificial intelligence revolution and increasing chip demand, Advanced Micro Devices Inc. (NASDAQ:AMD) has shown remarkable resilience and strategic growth. Despite a recent 20% pullback from its highs, indicating market consolidation, the stock remains robust, trading above critical averages and maintaining positive momentum.

This resilience is bolstered by AMD's strategic focus on expanding its footprint in the data center and AI chip markets, challenging industry leaders like Nvidia Corp. (NASDAQ:NVDA).

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AI Is Powering AMD's Future

NASDAQ.AMD price evolution

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