I Sold AMD Too Soon. Could This Chip Stock Be a Rocket to Riches?
Advanced Micro Devices continues to rise in Nvidia’s wake.It may move even faster when its Zen5 chip debuts this fall.AMD has over one-third of the PC market that once belonged to Intel .Since I sold my own shares of Advanced Micro Devices , the stock is up almost 10%. It’s up 19% for the year and 125% over the last 12 months. I think there’s more in store for AMD stock.The reason is Artificial Intelligence . AMD’s Radeon Graphics Processing Units are the chief alternative to Nvidia . While Nvidia has the largest share of the market, AMD is still doing well.My own decision to sell was based on AMD’s lack of continuing support for an alternativer to the Nvidia CUDA software that’s the “Microsoft Windows” of AI. That software, called ZLUDA, is now open source.Early reviews are positive. The Zen5 will be faster than any previous AMD chip, and it will plug into older hardware. This means your gamer son won’t necessarily have to get an entirely new machine at BestBuy (NY
