Advanced Micro Devices Set to Unveil New Data Center Chips

Advanced Micro Devices AMD has benefitted from the hype surrounding artificial intelligence (AI). The stock rallied to a 16-month high late last month and is up +87% this year, second to only Nvidia NVDA as the top performer in the Philadelphia Stock Exchange’s Semiconductor Index INTC, carving out 18% of the server market for chips, one of the most profitable areas of the semiconductor industry. However, Jans Henderson said the battle with Nvidia for a slice of AI-driven sales won’t be easy as “Nvidia is executing pretty flawlessly, so it’s a much tougher competitor for AMD than Intel was.” 

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.