$Advanced Micro Devices(AMD)$ AMD started the year at a disadvantage, with its biggest competitor Nvidia taking the lead in AI chips. However, the company has since put all of its efforts toward gearing up, and experts have taken notice. AMD shares have skyrocketed 92% since Jan. 1 in response. Meanwhile, other tech companies have shown interest in partnering with the semiconductor company.
A Bloomberg report from May 4 revealed Microsoft is supporting AMD's AI chip expansion by providing financial and engineering resources. The Windows company aims to help AMD become an alternative to Nvidia. Additionally, Amazon Web Services (AWS) is reportedly considering using AMD's AI chips in the near future. The partnership would be particularly promising as AWS is the world's largest cloud platform and has previously used mainly Nvidia chips.
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Comments
This stock is in big trouble. Look at it fall everyday now. Way to risky to hold.
Will test and fail 50mda soon. Big whales that bought in the 80s have been selling. Good luck.
AMD remains inferior stock as its AI is not proving itself .. Talk is cheap!
big green day is looming now that the price is about to test the 50 ma
AMD is more balanced in their offerings than nvda.
AMD will pass all time high before year end.