Advanced Micro Devices (AMD) has a significant AI opportunity, highlighted by its partnership with OpenAI. Despite being overshadowed by Nvidia, AMD is positioned to grow in the AI space. AMD’s stock may have more potential upside compared to other companies. The company’s partnership with OpenAI includes a deal for OpenAI to acquire up to 10% stake in AMD and deploy 6 gigawatts of AMD GPUs. AMD has ambitious goals for growth by 2030, aiming for over $150 billion in revenue and double-digit market share in AI data center chips. This partnership with OpenAI could be a major growth driver for AMD.
Read more at NASDAQ.: Prediction: The Data Center Boom Is Just Starting, Making AMD a Long-Term AI Power Player
