From Nasdaq, Inc.:

The AI market is growing rapidly, projected to expand at a compound annual growth rate of 37% through 2030 and exceed a value of $1 trillion before the end of the decade. Companies like Advanced Micro Devices and Microsoft are making a significant push into the AI industry, presenting various investment opportunities. AMD is set to challenge Nvidia with the launch of its new GPU, while Microsoft is leveraging AI to enhance its product lineup, showing potential in the growing sector. As of now, AMD appears to be the better AI stock, with a higher estimated stock growth potential over the next two fiscal years.

In the chip market, AMD looks to have a strong future and the better AI stock, with Lisa Su taking over and a potential for significant role in the AI sector. On the other hand, Microsoft is investing heavily in AI technology and has used OpenAI’s models to improve its product lineup, showing potential in the AI industry. Despite Microsoft having a massive user base including Azure, Office, and LinkedIn, it appears that AMD has more stock growth potential based on EPS estimates for the next two fiscal years. Therefore, AMD looks like the better AI stock at the start of 2024.

Before buying stock in Advanced Micro Devices, investors should consider the recommendations from the Motley Fool, which provides guidance for building a portfolio and offers stock picks. As of December 18, 2023, AMD is not among their 10 best stocks to invest in. Nevertheless, the potential for significant returns in the coming years makes it a compelling investment option at the start of 2024.

Overall, AMD’s long-term outlook in the AI sector looks strong, and it offers growth potential as a stock to invest in at the start of 2024.



Read more: Better Artificial Intelligence (AI) Stock: AMD vs. Microsoft