Will AMD Stock Skyrocket in 2024? 4 Catalysts to Watch.

InvestorPlace02-13

Advanced Micro Devices (AMD) has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters. ...

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4 Catalysts to Watch.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-13 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/02/will-amd-stock-skyrocket-in-2024-4-catalysts-to-watch/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (AMD) has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters. ...</p>\n\n<a href=\"https://investorplace.com/2024/02/will-amd-stock-skyrocket-in-2024-4-catalysts-to-watch/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0034235188.USD","symbol_name":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/02/will-amd-stock-skyrocket-in-2024-4-catalysts-to-watch/","article_id":"2410843251","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2410843251","pubTimestamp":1707792846,"columns":[],"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Advanced Micro Devices has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters.The company is a leading competitor in the AI chip race, and should be valued as such.Advanced Micro Devices , right on Intel’s heels, sparks reassurance in investors during market uncertainty. The company even surpassed its modest Q1 guidance, leading to expectations of more impressive longer-term growth among bulls. AMD projected $3.5 billion in data center revenue for 2024, as its Q4 revenue skyrocketed 38%. This is central to this AMD stock forecast.AMD has widened its horizons, recently revealing the AMD Embedded+, a system that provides a combination of AMD Ryzen Embedded processors and Versal adaptive SoCs on a single board. This integration smooths out qualification and builds processes, allowing for common software platforms for diverse applications. The system prioritizes low latency an","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","QID":"纳指两倍做空ETF","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","INTC":"英特尔",".IXIC":"NASDAQ Composite","GFS":"GLOBALFOUNDRIES Inc.","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4534":"瑞士信贷持仓","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0079474960.USD":"联博美国增长基金A","NVDA":"英伟达","BK4533":"AQR资本管理(全球第二大对冲基金)","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0056508442.USD":"贝莱德世界科技基金A2","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TQQQ":"纳指三倍做多ETF","BK4535":"淡马锡持仓","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4543":"AI","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0109392836.USD":"富兰克林科技股A","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","AMD":"美国超微公司","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","BK4512":"苹果概念","BK4549":"软银资本持仓"},"translate_title":"2024年AMD股票会暴涨吗？4个催化剂值得关注。","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMD":1,"INTC":1,"NVDA":1,"GFS":1,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,".IXIC":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Advanced Micro Devices (AMD) has some impressive applications for its chips, leading to outsized interest around this stock.The company’s Q1 guidance lacked fireworks, but delivered where it matters. The company is a leading competitor in the AI chip race, and should be valued as such. Source: JHVEPhoto / Shutterstock.comAdvanced Micro Devices (NASDAQ:AMD), right on Intel’s heels, sparks reassurance in investors during market uncertainty. The company even surpassed its modest Q1 guidance, leading to expectations of more impressive longer-term growth among bulls. AMD projected $3.5 billion in data center revenue for 2024, as its Q4 revenue skyrocketed 38%. This is central to this AMD stock forecast.In the field that’s undoubtedly dominated by Nvidia (NASDAQ:NVDA), AMD faces challenges in the AI chip race. Specifically, in the world of AI software, AMD is behind. Software rewriting is necessary to switch from AMD’s ROCm system to Nvidia’s CUDA system. Still, AMD offers a worthy substitute for Nvidia for cloud computing companies with expansion in mind.Given AMD’s victories against Intel (NASDAQ:INTC) in the X86 server realm, it’s a company that’s clearly worth paying attention to. The question is whether AMD is coming for Nvidia next, and could gain some key market share in the AI race. Let’s dive in.Strong Forward GuidanceIn October 2023, AMD soared above expectations by predicting $400 million in revenue from MI300 AI GPU sales in Q4. AMD CEO Lisa SU later confirmed this achievement, marking a key turning point for the company. If it can hit its own internal targets for growth, investors will pay attention to the company’s future guidance more closely. Thus far, this guidance remains strong.AMD has a number of key partnerships with other mega-cap tech companies in need of more computing power. These partnerships have driven the company’s most recent projections of achieving $3.5 billion of data center revenue in 2024. Now, I’m not certain the company can hit these targets, but given its current quarterly run rate of about $900 million in this segment, these estimates may prove to be light.In accordance with analysts’ expectations of $4 billion to $8 billion in AI-related revenue, AMD raised its AI chips sales revenue guidance over the next quarter. This is an indication of further growth, and should entice long-term investors to this chip name.Streamlined Solutions for AIAMD has widened its horizons, recently revealing the AMD Embedded+, a system that provides a combination of AMD Ryzen™ Embedded processors and Versal™ adaptive SoCs on a single board. This integration smooths out qualification and builds processes, allowing for common software platforms for diverse applications. The system prioritizes low latency and energy efficiency, as Chetan Khona, AMD’s Senior Director of Industrial, VIsion, Healthcare, and Sciences Markets, puts a spotlight on real-time sensor data in automated systems.Sapphire Technology has also brought the AMD Embedded+ ODM Solution to center stage, via the Sapphire Edge+ VPR-4616-MB. A Ryzen Embedded R2314 processor and Versal AI Edge VE2302 Adaptive Soc power this product. It offers versatile capabilities in a compact Mini-ITX form factor, consuming as little as 30W of energy to operate.Adrian Thompson, senior VP of global marketing, celebrated the Embedded+ system for its impressive reliability and reduced R&D costs. The Embedded+ qualified VPR-3616-MB is now available for purchase, and is a key product investors should keep an eye on. This is central to this AMD stock forecast.Trust the Process with AMDAMD hopes to reach an impressive market share of between 15% to 25% of the AI chip market in 2024. If the company can see easing from previous supply shortages, it’s possible this chip giant could go head-to-head with Nvidia.AMD’s AI revenue forecast may be aggressive and be a reason for some investors to pause around this stock. But as demand for AI chips grow, AMD should be able to produce outsized gains as it grows its market share. At least, that’s the bullish argument.For now, I remain cautiously bullish around AMD stock. Given what its peer Nvidia has done in recent weeks, this stock should see some carryover from investors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":6,"commentSize":0,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2410843251"}