$Advanced Micro Devices(AMD)$ Too many amateur investors think a company needs to be the best at what it does for the stock to be a good buy. Clearly that helps, but Nvidia has had a massive run up already. AMD has been treated as the ugly duckling because its products are nowhere near as good as Nvidia's for AI applications.
That's true, but I can see AMD being a multi bagger at these levels without even catching up to Nvidia's tech. All it needs to do is beat expectations from either the tech front or sales, and expectations are fairly low at the moment.
Remember long ago when AMD's GPUs were considered trash vs Nvidia for gaming, and its CPUs were discount bin equivalent to Intel? Then from improving their products (but still not becoming the best) and gaining market share the shares became multibaggers. The people trashing AMD now for not being as good as Nvidia on AI applications would have been the same people trashing AMD stock back then telling you it's a terrible buy. Shares and the market are driven by expectations, not just by who does what best.
I already trimmed my Nvidia position a bit a couple of weeks ago, and I've now stuck some into AMD .
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