Advanced Micro Devices is Building Momentum with AI: Buy the Dip
AMDAMD(AMD) MarketBeat·2024-10-30 21:59

As slow as it is to build, Advanced Micro Devices NASDAQ: AMD is gaining momentum with AI and is well-positioned for long-term market share gains. The primary hurdle is its AI ecosystem, which lags behind NVIDIA's NASDAQ: NVDA development, but the ecosystem is improving quarterly, aided by internal advances and acquisitions. AMD Today's takeaway for investors is that this semiconductor company is growing due to its AI position, growth is accelerating, and the negative impact of legacy business will soon shi ...