Shares of Advanced Micro Devices (NASDAQ: AMD) have surged 51% in the last six months, with projected growth due to AI workloads shifting to inference. AMD’s upcoming chips designed for AI inference could lead to substantial company growth, with Wall Street analysts expecting a 65% increase in earnings per share this year.

AI inference can increase compute costs, but AMD’s new Venice EPYC processors and MI455 GPUs offer double the memory bandwidth, giving the company a competitive advantage. Luma AI already uses AMD chips for most of its inference workloads and plans to expand its partnership with AMD in 2026. OpenAI is also set to utilize AMD’s MI455 GPUs for large-scale deployment later this year.

Despite AMD’s promising future in the AI inference market, it’s worth noting that the Motley Fool Stock Advisor team did not include AMD in their list of the 10 best stocks to buy right now. The top 10 stocks identified by the team have historically produced significant returns, outperforming the S&P 500 by a wide margin.

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Read more at Yahoo Finance: 1 Reason to Buy Advanced Micro Devices Stock Right Now