The AI race heats up as chipmakers like Nvidia and Advanced Micro Devices (AMD) vie for dominance in data centers and cloud infrastructure. Recent market turbulence raised concerns that AMD could lose ground to Google’s AI chips, but Mizuho’s Jordan Klein argues that the AI race is a marathon, not a sprint. Despite challenges, AMD remains strong, with a market cap of $348.8 billion and a year-to-date stock rally of 80.1%. AMD’s recent Q3 results beat expectations, with record revenue of $9.25 billion and growth in its data center and client segments. Analysts remain optimistic, expecting EPS and revenue growth in Q4. Wall Street analysts maintain a “Moderate Buy” rating on AMD stock, with an average price target of $291.29. The AI race is far from over, with AMD well-positioned to capitalize on the massive growth potential in the AI market. CEO Lisa Su projects a $1 trillion data center TAM by 2030, signaling AMD’s strong position in the industry.

Read more at Barchart: The AI Race Is a Marathon, Not a Sprint. Here Is How AMD Stock Could Still Finish First.