Citi believe say Advanced Micro Devices (AMD) dey lead all the chip stocks now! Dem say after the analyst day wey dem do, AMD get strong investor support and dem dey see say dem get the best earnings growth for all the big chip companies.
Why AMD Dey Top Now?
Citi analyst Christopher Danely talk say after AMD analyst day, plenty investors dey want buy AMD stock. AMD talk about their big plans for the future and how dem wan lead the $1 trillion compute market.
Dem wan make their revenue grow by 35% every year (CAGR) and dem wan make adjusted EPS pass $20. Danely say all these things make investors trust AMD more.
Citi believe say AMD dey in a good position for important areas like AI servers, data center CPUs, and new product launches. This go give dem advantage for the semiconductor market.
Investors Dey Look Major Chip Companies Again
Danely talk say plenty people still get Broadcom stock, but some investors wan know how much dem go gain from selling TPU chips wey dem dey use for AI. He say things go better after Broadcom release their earnings next month.
Nvidia, wey used to be the number one for AI, no dey too popular like before compared to AMD and Broadcom. People dey worry say...
AMD Wan Chop $1 Trillion For AI Market!
The world dey run towards AI and cloud infrastructure, and AMD dey find their place for the semiconductor market. For their analyst day, CEO Lisa Su talk say the data center and AI market fit reach $1 trillion by 2030, wey be double from the $500 billion wey dem talk before. This show say people really need AI computing.
Su talk say AI and high-performance computing don become important technologies wey dey drive demand for all industries. AMD dey expect billions of dollars from data center revenue by 2027 and dem wan get double-digit AI market share with 80% growth every year for the next three to five years.
AMD also talk say dem get $45 billion for new custom design wins and say dem dey use their Instinct GPUs for seven of the top 10 AI companies. This put AMD in a strong position against Nvidia.
With all these things, now fit be the perfect time to buy AMD stock!
About Advanced Micro Devices Stock
Advanced Micro Devices na company wey dey Santa Clara, California, wey dey design high-performance computing solutions like Ryzen, EPYC, Threadripper, Radeon, and Instinct.