Nvidia (NVDA) was the big winner in the AI space during 2024 as it solidified its lead in GPUs, which led to a 185% stock rally. Meanwhile,
AMD’s stock just got downgraded, with HSBC warning that the company’s “AI GPU roadmap is less competitive than we previously thought.”
HSBC lowered its rating on Advanced Micro Devices stock amid several concerns including the chipmaker's ability to compete with Nvidia. Here's what to know.
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Advanced Micro Devices lags Nvidia in AI design wins, prompting a downgrade to sell. See why AMD stock faces little room to compete meaningfully with NVDA.
According to Yahoo! Finance, analysts' estimates call for earnings to be up 25% in 2024 and another 54% in 2025. Given this, you would think the stock would trade at a high multiple of earnings, but at the current $130 share price, investors can buy AMD stock at a reasonable 25 times 2025 estimates.
Advanced Micro Devices (NASDAQ: AMD) stock saw significant sell-offs in December's trading. The semiconductor company's share price closed out the month down 11.9%, according to data from S&P Global Market Intelligence.
Artificial intelligence (AI) stocks have soared over the last couple of years as optimism about the technology and its capabilities continues to grow. As most investors know, one
Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.