Unlocking Opportunities: Upgrading AMD To Buy On AI Prospects
AMDAMD(AMD) Seeking Alpha·2024-09-10 05:34

JHVEPhoto I last wrote about Advanced Micro Devices, Inc. (NASDAQ: NASDAQ:AMD) on December 4, 2023, giving the stock a hold rating. Although the stock has been up 13.31% since that recommendation, it underperformed the S&P 500's (SPX) 18.35% rise. Although the stock has risen higher since my hold recommendation, there are reasons it might outperform at higher prices. Companies do not like having NVIDIA Corporation (NVDA) as a sole source for AI accelerators because it would have too much power to negotiate ...