AMD (Advanced Micro Devices) Stock News

If analyst forecasts are correct, one of these two tech stocks could nearly double your money in the next year.

TAIPEI , Oct. 1, 2024 /PRNewswire/ -- The world's leading computer brand, GIGABYTE, announces the launch of its X870E and X870 series motherboards, purpose-built for the most powerful AMD Socket AM5 platform on the market. Tailored specifically for AMD Ryzen™ 9000 Series processors, these boards harness cutting-edge AI technologies to unlock the full potential of AMD's latest Zen 5 architecture.

A recovery in non-AI markets could send Broadcom stock soaring in 2025. AMD is still in the early innings of capturing a $135 billion opportunity.

Despite Nvidia (NASDAQ: NVDA) taking center stage in the artificial intelligence (AI) and data center market, Advanced Micro Devices (NASDAQ: AMD) might still become a strong challenger, and a leading investor believes now is the time to take the opportunity and purchase its stocks.

Nvidia is running away with the AI chip market, as its competitors haven't been able to corner a significant chunk of this space for themselves. AMD, however, has multiple growth opportunities thanks to AI that could lead to an acceleration in its growth in the future.

When it comes to the advanced graphical processing units (GPUs) that are powering the AI revolution in data centers, there really are only two games in town: NVIDIA NASDAQ: NVDA and Advanced Micro Devices NASDAQ: AMD. Both make GPUs used to do the complex computational work required for AI and machine learning.

Jim Cramer has been quite the advocate of buying the dip in certain semiconductor stocks caught in the latest slump.

Will Advanced Micro Devices' Advancing AI 2024 event be a catalyst for the stock?