Advanced Micro Devices, Inc. is often overlooked and not given enough credit for being great AI investment play. MD's MI300 chips are not cutting-edge compared to Nvidia's H100s, yet have a chance to gain market among small enterprises and governments.
At a first glance, AMD trading at a blended P/E of 62.5x might seem expensive, but the expected growth should well justify the valuation. While many risks remain, if AMD's data center execution is flawless, the company may potentially reward shareholders with up to 33% annual returns.
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