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Should You Buy Advanced Micro Devices (AMD) Stock After Its 47% Drop?
Advanced Micro Devices (NASDAQ: AMD) supplies some of the best chips in the world for computers, cars, game consoles, and data centers. The company's data center business is a key focus for investors right now, as demand soars for its graphics processing units (GPUs), which are designed for artificial intelligence (AI) development.AMD, as its known, is still chasing Nvidia in the AI data center market, but the company's latest GPUs could help close the gap. Plus, AMD is already a leading supplier of AI chips for personal computers, which could be the next big growth segment.The stock is down 47% from its record high last year, primarily due to sluggish results from its gaming business. But AI could be the biggest opportunity in the company's history, so should investors swoop in and buy the dip?Continue reading
Advanced Micro Devices (NASDAQ: AMD) supplies some of the best chips in the world for computers, cars, game consoles, and data centers. The company's data center business is a key focus for investors right now, as demand soars for its graphics processing units (GPUs), which are designed for artificial intelligence (AI) development.
AMD, as its known, is still chasing Nvidia in the AI data center market, but the company's latest GPUs could help close the gap. Plus, AMD is already a leading supplier of AI chips for personal computers, which could be the next big growth segment.
The stock is down 47% from its record high last year, primarily due to sluggish results from its gaming business. But AI could be the biggest opportunity in the company's history, so should investors swoop in and buy the dip?
