From NASDAQ: 2024-04-28 10:03:00

1. AMD shares surge 441% in 5 years

Driven by CPU market share gains against Intel, AMD eyes a bigger opportunity selling GPUs to data centers. The AI hardware market could push shares higher.

2. $400 billion data center opportunity

AMD forecasts massive growth in data center GPU market, with $3.5 billion revenue expected this year. New MI300 accelerators driving deployments for Azure and Meta Platforms.

3. Record profits ahead

Nvidia’s success in AI chip market sets the stage for AMD’s growth. Analysts predict 42% annualized earnings growth, potential for profits to double by 2026.

4. Stock Advisor recommendation

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Read more at NASDAQ: 3 Reasons to Buy Advanced Micro Devices Stock Like There’s No Tomorrow