Advanced Micro Devices (AMD) is seeing growth in its artificial intelligence business, with CEO Lisa Su predicting billions in revenue. The company’s stock has outperformed Nvidia this year, with a 115% return. Despite its high valuation, AMD’s forward P/E and PEG ratios suggest long-term potential. OpenAI and IBM partnerships further fuel growth prospects.

AMD’s chip business is gaining momentum as a formidable competitor to Nvidia. Recent quarters have shown double-digit growth, indicating a strong start for its AI chip business. Collaborations with OpenAI and IBM for quantum computing highlight future growth opportunities. With a market cap of $420 billion, AMD aims for $1 trillion valuation fueled by AI growth.

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Read more at Nasdaq: AMD’s Stock Has Doubled This Year. Here’s Why It’s Not Too Late to Invest.