AMD is valued not as an AI company. The stock price was $150 two years ago, that was well before AI took off. I'd say, AMD was gaining ground due to AI when it briefly went over $200. I am now patiently waiting for AMD to gain firm confidence as a rival to Nvidia's $NVIDIA Corp(NVDA)$ dominance, once that happens, the stock will travel past $200 once again, except it won't be for only a brief period of time, and it will continue upwards, perhaps as high as $300 by years end, or somewhere into early 2025.
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- joozy·05-07Can't wait for them to challenge Nvidia's dominance.LikeReport