#5 - Advanced Micro Devices (NASDAQ:AMD)
Although it may not be as well-known as Nvidia, Advanced Micro Devices (NASDAQ: AMD) deserves consideration in any AI portfolio. The company has noticeably moved into a solid number two position in both the graphic processing unit (GPU) market as well as the central processing unit (CPU) market.
To paraphrase an old advertising slogan, perhaps being number two AMD tries harder. Whatever they’re doing, it seems to work. The company does not have a dedicated AI chip, but they are still a presence in deep learning. The chipmaker is also the exclusive builder on two of the three fastest supercomputing systems that are used by the U.S. government.
Like Alphabet, AMD stock is not getting a lot of love from investors. It’s up just over 6% for the year as of this writing. But that shouldn’t dissuade you. The company continues to make solid gains on its competition and is showing increasing strength in the data center category.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
Read More - Current Price
- $125.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $191.96 (52.9% Upside)
