Semiconductor stocks, driven by demand for AI hardware, have seen AMD emerge as a strong competitor to Nvidia. AMD’s recent Investor Day showcased its potential in data-center AI chips and long-term earnings growth, drawing attention from Wall Street. With a market cap of $374 billion, AMD’s shares have risen over 73% YTD, compared to 15% for the Nasdaq. Despite rich valuations, AMD reported strong Q3 earnings, exceeding expectations and projecting further growth. Analysts have varying views, with targets ranging from $210 to $300, but the consensus remains a “Moderate Buy” with a target of approximately $288.97.

Read more at Yahoo Finance: AMD Stock Is the ‘King of the Hill’ Right Now. Should You Buy Shares Here?