AMD stock reaches almost unprecedented value thanks to AI chip demand (www.techspot.com)

submitted 7 months ago by OpticalMoose@discuss.tchncs.de to c/chip_stocks@discuss.tchncs.de

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AMD, which began 2023 at $64 a share and ended at $147, predicts $2 billion in AI data center revenue this year.
All eyes are on Nvidia, which is expected to bring in 60B+ this year, but if AMD holds on to at least 10% of the market, it means huge growth for team red.

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this post was submitted on 18 Jan 2024

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