Why AMD Stock Is a Must-Own AI Chip Play

InvestorPlace2023-09-01

Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA)....

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Norway Heng
·2023-09-01
Great 👍🏼
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Sunshinekim
·2023-09-01
Great advice. Thanks
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Sunshinekim
·2023-09-01
Good news if it does materialise.
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(NASDAQ:AMD), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with Nvidia (NASDAQ:NVDA). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.AMD’s AI-Focused AcquisitionDo you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company Mipsology.The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”AMD Stock Tumbles Nearly 7%, But Don’t WorryAug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.I tend to concur with the viewpoint of Global X research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.AMD Stock: $150 Is Still in PlayThe AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.","kind":null,"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":1},"commentList":[{"id":215206362808576,"gmtCreate":1693556886908,"gmtModify":1693556891250,"author":{"id":"3566203796333803","authorId":"3566203796333803","name":"Norway Heng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3566203796333803","authorIdStr":"3566203796333803"},"htmlText":"Great 👍🏼&nbsp;","listText":"Great 👍🏼&nbsp;","text":"Great 👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215206362808576","repostId":2364212544,"repostType":2,"repost":{"id":"2364212544","pubTimestamp":1693548656,"share":"https://ttm.financial/m/news/2364212544?lang=&edition=fundamental","pubTime":"2023-09-01 14:10","market":"us","language":"en","title":"Why AMD Stock Is a Must-Own AI Chip Play","url":"https://stock-news.laohu8.com/highlight/detail?id=2364212544","media":"InvestorPlace","summary":"Nvidia is an AI-compatible processor powerhouse, but Advanced Micro Devices is also a strong contender and AMD stock can still run higher.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Advanced Micro Devices</strong> (<strong>AMD</strong>) acquired a French artificial intelligence (AI) software company.</p></li><li><p>Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by <strong>Nvidia</strong> (<strong>NVDA</strong>).</p></li><li><p>Investors should continue to expect AMD stock to rally to $150.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8f44a0124ec1f7187144820854b5188\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: JHVEPhoto / Shutterstock.com</p><p>Earlier this year, <strong>Advanced Micro Devices</strong> (NASDAQ:<strong>AMD</strong>), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with <strong>Nvidia</strong> (NASDAQ:<strong>NVDA</strong>). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.</p><p>Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).</p><p>However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.</p><h2 id=\"id_1405735918\">AMD’s AI-Focused Acquisition</h2><p>Do you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.</p><p>According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company <strong>Mipsology</strong>.</p><p>The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”</p><p>The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”</p><h2 id=\"id_2798766531\">AMD Stock Tumbles Nearly 7%, But Don’t Worry</h2><p>Aug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.</p><p>AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.</p><p>Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.</p><p>Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.</p><p>I tend to concur with the viewpoint of <a href=\"https://laohu8.com/S/EFFE\">Global X</a> research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”</p><p>In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.</p><h2 id=\"id_2117239061\">AMD Stock: $150 Is Still in Play</h2><p>The AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.</p><p>I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMD Stock Is a Must-Own AI Chip Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMD Stock Is a Must-Own AI Chip Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 14:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA)....</p>\n\n<a href=\"https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0109392836.USD":"富兰克林科技股A","BK4512":"苹果概念","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","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4548":"巴美列捷福持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4529":"IDC概念","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4587":"ChatGPT概念","BK4575":"芯片概念","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4550":"红杉资本持仓","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","AMD":"美国超微公司","BK4141":"半导体产品","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4551":"寇图资本持仓"},"source_url":"https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2364212544","content_text":"Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA).Investors should continue to expect AMD stock to rally to $150.Source: JHVEPhoto / Shutterstock.comEarlier this year, Advanced Micro Devices (NASDAQ:AMD), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with Nvidia (NASDAQ:NVDA). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.AMD’s AI-Focused AcquisitionDo you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company Mipsology.The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”AMD Stock Tumbles Nearly 7%, But Don’t WorryAug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.I tend to concur with the viewpoint of Global X research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.AMD Stock: $150 Is Still in PlayThe AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":215192177893440,"gmtCreate":1693553411577,"gmtModify":1693553415387,"author":{"id":"4108879863251380","authorId":"4108879863251380","name":"Sunshinekim","avatar":"https://community-static.tradeup.com/news/4aa06f704f2b302b4af731a1567add49","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1,"idStr":"4108879863251380","authorIdStr":"4108879863251380"},"htmlText":"Great advice. Thanks&nbsp;","listText":"Great advice. Thanks&nbsp;","text":"Great advice. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215192177893440","repostId":2364212544,"repostType":4,"repost":{"id":"2364212544","pubTimestamp":1693548656,"share":"https://ttm.financial/m/news/2364212544?lang=&edition=fundamental","pubTime":"2023-09-01 14:10","market":"us","language":"en","title":"Why AMD Stock Is a Must-Own AI Chip Play","url":"https://stock-news.laohu8.com/highlight/detail?id=2364212544","media":"InvestorPlace","summary":"Nvidia is an AI-compatible processor powerhouse, but Advanced Micro Devices is also a strong contender and AMD stock can still run higher.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Advanced Micro Devices</strong> (<strong>AMD</strong>) acquired a French artificial intelligence (AI) software company.</p></li><li><p>Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by <strong>Nvidia</strong> (<strong>NVDA</strong>).</p></li><li><p>Investors should continue to expect AMD stock to rally to $150.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8f44a0124ec1f7187144820854b5188\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: JHVEPhoto / Shutterstock.com</p><p>Earlier this year, <strong>Advanced Micro Devices</strong> (NASDAQ:<strong>AMD</strong>), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with <strong>Nvidia</strong> (NASDAQ:<strong>NVDA</strong>). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.</p><p>Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).</p><p>However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.</p><h2 id=\"id_1405735918\">AMD’s AI-Focused Acquisition</h2><p>Do you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.</p><p>According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company <strong>Mipsology</strong>.</p><p>The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”</p><p>The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”</p><h2 id=\"id_2798766531\">AMD Stock Tumbles Nearly 7%, But Don’t Worry</h2><p>Aug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.</p><p>AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.</p><p>Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.</p><p>Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.</p><p>I tend to concur with the viewpoint of <a href=\"https://laohu8.com/S/EFFE\">Global X</a> research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”</p><p>In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.</p><h2 id=\"id_2117239061\">AMD Stock: $150 Is Still in Play</h2><p>The AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.</p><p>I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMD Stock Is a Must-Own AI Chip Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMD Stock Is a Must-Own AI Chip Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 14:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA)....</p>\n\n<a href=\"https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0109392836.USD":"富兰克林科技股A","BK4512":"苹果概念","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","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4548":"巴美列捷福持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4529":"IDC概念","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4587":"ChatGPT概念","BK4575":"芯片概念","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4550":"红杉资本持仓","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","AMD":"美国超微公司","BK4141":"半导体产品","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4551":"寇图资本持仓"},"source_url":"https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2364212544","content_text":"Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA).Investors should continue to expect AMD stock to rally to $150.Source: JHVEPhoto / Shutterstock.comEarlier this year, Advanced Micro Devices (NASDAQ:AMD), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with Nvidia (NASDAQ:NVDA). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.AMD’s AI-Focused AcquisitionDo you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company Mipsology.The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”AMD Stock Tumbles Nearly 7%, But Don’t WorryAug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.I tend to concur with the viewpoint of Global X research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.AMD Stock: $150 Is Still in PlayThe AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":215191911567376,"gmtCreate":1693553346498,"gmtModify":1693553350987,"author":{"id":"4108879863251380","authorId":"4108879863251380","name":"Sunshinekim","avatar":"https://community-static.tradeup.com/news/4aa06f704f2b302b4af731a1567add49","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":1,"idStr":"4108879863251380","authorIdStr":"4108879863251380"},"htmlText":"Good news if it does materialise.&nbsp;","listText":"Good news if it does materialise.&nbsp;","text":"Good news if it does materialise.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/215191911567376","repostId":2364212544,"repostType":4,"repost":{"id":"2364212544","pubTimestamp":1693548656,"share":"https://ttm.financial/m/news/2364212544?lang=&edition=fundamental","pubTime":"2023-09-01 14:10","market":"us","language":"en","title":"Why AMD Stock Is a Must-Own AI Chip Play","url":"https://stock-news.laohu8.com/highlight/detail?id=2364212544","media":"InvestorPlace","summary":"Nvidia is an AI-compatible processor powerhouse, but Advanced Micro Devices is also a strong contender and AMD stock can still run higher.","content":"<html><head></head><body><ul style=\"\"><li><p><strong>Advanced Micro Devices</strong> (<strong>AMD</strong>) acquired a French artificial intelligence (AI) software company.</p></li><li><p>Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by <strong>Nvidia</strong> (<strong>NVDA</strong>).</p></li><li><p>Investors should continue to expect AMD stock to rally to $150.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a8f44a0124ec1f7187144820854b5188\" tg-width=\"768\" tg-height=\"432\"/></p><p>Source: JHVEPhoto / Shutterstock.com</p><p>Earlier this year, <strong>Advanced Micro Devices</strong> (NASDAQ:<strong>AMD</strong>), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with <strong>Nvidia</strong> (NASDAQ:<strong>NVDA</strong>). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.</p><p>Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).</p><p>However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.</p><h2 id=\"id_1405735918\">AMD’s AI-Focused Acquisition</h2><p>Do you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.</p><p>According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company <strong>Mipsology</strong>.</p><p>The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”</p><p>The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”</p><h2 id=\"id_2798766531\">AMD Stock Tumbles Nearly 7%, But Don’t Worry</h2><p>Aug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.</p><p>AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.</p><p>Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.</p><p>Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.</p><p>I tend to concur with the viewpoint of <a href=\"https://laohu8.com/S/EFFE\">Global X</a> research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”</p><p>In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.</p><h2 id=\"id_2117239061\">AMD Stock: $150 Is Still in Play</h2><p>The AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.</p><p>I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.</p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMD Stock Is a Must-Own AI Chip Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMD Stock Is a Must-Own AI Chip Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-01 14:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA)....</p>\n\n<a href=\"https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0109392836.USD":"富兰克林科技股A","BK4512":"苹果概念","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","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4548":"巴美列捷福持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4529":"IDC概念","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4587":"ChatGPT概念","BK4575":"芯片概念","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4550":"红杉资本持仓","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","AMD":"美国超微公司","BK4141":"半导体产品","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4551":"寇图资本持仓"},"source_url":"https://investorplace.com/2023/08/why-amd-stock-is-a-must-own-ai-chip-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2364212544","content_text":"Advanced Micro Devices (AMD) acquired a French artificial intelligence (AI) software company.Furthermore, Advanced Micro Devices could benefit from the AI chip wave precipitated by Nvidia (NVDA).Investors should continue to expect AMD stock to rally to $150.Source: JHVEPhoto / Shutterstock.comEarlier this year, Advanced Micro Devices (NASDAQ:AMD), commonly known as just AMD, was a darling of the financial markets. Yet, lately people have ignored AMD because they’re obsessed with Nvidia (NASDAQ:NVDA). It’s fine to pay attention to Nvidia, but don’t dismiss the upside potential of AMD stock.Always an innovator, AMD continues to introduce powerful tech hardware into the market. For example, AMD recently showcased its ultra-powerful EPYC central processing units (CPUs) and Pensando data processing units (DPUs).However, short-term stock traders didn’t seem very impressed with these product offerings. Many of them have been too occupied with Nvidia to think about AMD. That’s a mistake, though, as AMD can benefit from the AI trend just like Nvidia can.AMD’s AI-Focused AcquisitionDo you need evidence that AMD is proactively riding the AI-tech wave in 2023? Look no further, then, as AMD just announced a game-changing acquisition that the financial press isn’t spending enough time talking about.According to AMD’s official blog, the chipmaker is deepening its AI inference software capabilities though AMD’s acquisition of French company Mipsology.The buyout is now finalized, so AMD can access Mipsology’s AI inference and optimization tools. Plus, AMD will avail itself of Mipsology’s skilled software team, which reportedly “will join the AMD AI Group.”The point is, AMD is clearly very serious about pursuing advancements in the AI-technology field. The Mipsology acquisition will, as the blog post asserts, enable AMD and its customers to “tap into the vast potential of pervasive AI.”AMD Stock Tumbles Nearly 7%, But Don’t WorryAug. 24 was a rough day for AMD’s shareholders. Nvidia had just released its excellent second-quarter 2023 financial results. As it turned out, Nvidia easily beat the analysts’ consensus earnings per share (EPS) prediction of $2.08 by delivering earnings of $2.70 per share.AMD had already released its Q2 results, and the company marginally beat Wall Street’s quarterly EPS forecast. The actual earnings result was 58 cents per share, versus the expected 57 cents per share.Since Nvidia’s EPS beat was much more eye-catching, AMD looked lackluster in comparison. Consequently, AMD stock fell nearly 7% on Aug. 24, landing at $101.80.Mizuho analyst Jordan Klein suggested that “no one” besides Nvidia sounds good in the semiconductor market. I don’t see it that way, though, and I feel that the AMD share-price selloff was irrational.I tend to concur with the viewpoint of Global X research analyst Tejas Dessai. As Dessai explained, there are “hundreds of billions of dollars worth of computational infrastructural inside data centers that are up for replacement in the new computing paradigm.”In other words, the AI-hardware market is vast, and there’s room for more players than just Nvidia. Moreover, if Nvidia brings attention and publicity to the AI-chip industry in general, AMD could benefit from this.AMD Stock: $150 Is Still in PlayThe AI-hardware market doesn’t have to be a zero-sum game. There’s room for both Nvidia and AMD to capitalize on the AI trend, so don’t hastily dismiss AMD and miss a prime investment opportunity.I’ve set a $150 price target for AMD stock, and I’m not about to give up on that prediction. The market’s obsession with Nvidia doesn’t exclude AMD from the AI-hardware industry’s growth. So, hold your AMD shares and continue to ride the AI wave for the rest of 2023 at least.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":12,"commentSize":3,"repostSize":2,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}