From Nasdaq.:

A surge in AI technology led to a 55% increase in Nasdaq-100 Tech Sector stocks last year. The AI market hit nearly $200 billion and is projected to hit $2 trillion by 2030. Investing in AI, like in chipmaker AMD, can lead to significant gains.

AMD, up 87% since last March, is investing in AI GPUs to rival Nvidia. Their new MI300X AI GPU is already attracting big clients like Microsoft and Meta Platforms. AMD aims to dominate both the AI and PC markets, which are projected to see substantial growth.

AMD’s revenue in Q4 2023 rose 10% to $6 billion, surpassing expectations. AI-focused segments posted strong growth, showing promising potential. With EPS estimates suggesting a share price increase of 97% by fiscal 2026, AMD is poised for significant growth in the AI and PC markets.

Considering investing in Advanced Micro Devices? The Motley Fool’s Stock Advisor team didn’t pick AMD in their 10 best stocks list. Their proven strategy has outperformed the S&P 500 since 2002, offering expert guidance and timely stock picks for investors seeking high returns.



Read more at Nasdaq.: 1 Artificial Intelligence (AI) Stock That Has Created Millionaires, and Will Continue to Make More