Advanced Micro Devices is ramping up its efforts in the AI space, with CEO Lisa Su forecasting significant growth in the company’s artificial intelligence arm. Despite this, the stock price does not fully reflect the projected long-term growth. AMD is finally making a push into artificial intelligence with its Helios platforms, aiming for substantial annual growth in AI revenue and overall market share.

While Nvidia has dominated the AI market, Advanced Micro Devices is now entering the fray with purpose-built solutions like its Helios platforms powered by Instinct GPUs. The company expects significant growth in AI revenue, with analysts predicting a potential doubling of total revenue by 2028. AMD is facing competition from Nvidia, Intel, and tech giants like Alphabet and Amazon in the AI processor market.

Investors should consider the potential upside of Advanced Micro Devices as it makes a more concerted effort in the AI space. With a 22% increase in data center revenue year over year, AMD is poised for growth, especially with the upcoming launch of Instinct MI450 GPUs. Despite recent underperformance, the stock may offer significant potential for investors looking to capitalize on AMD’s AI growth trajectory.

Before investing in Advanced Micro Devices, investors should weigh the potential returns against other opportunities. The Motley Fool Stock Advisor team has identified 10 stocks with strong growth potential, and AMD is not among them. Consider the historical success of past recommendations like Netflix and Nvidia, and explore the top 10 stocks for potential high returns. Stock Advisor has a track record of market-crushing outperformance compared to the S&P 500, making it a valuable resource for individual investors.

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