From Nasdaq: 2024-05-19 05:45:00

Advanced Micro Devices (NASDAQ: AMD) is joining the AI revolution with ChatGPT and the recent launch of AI GPU Mi300, leading to a soaring stock price. AMD shares have surged 484% in the last five years, driven by semiconductor sector booms and hopes for an AI-fueled future.

Investors are closely watching AMD’s performance amid expectations of benefiting from the demand for high-intensity AI models. A $10,000 investment in AMD five years ago would have turned into $58,400, outperforming the S&P 500. The company’s success in AI will determine its future stock performance.

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Read more at Nasdaq: If You’d Invested $10,000 in Advanced Micro Devices Stock 5 Years Ago, Here’s How Much You’d Have Today