Posted 1/2/2024, 12:00:00 PM
AMD's Growth Trajectory Positions it to Potentially Join $1 Trillion Market Cap Club by 2028 on AI Chip Boom
- AMD's market cap has grown at a 68% compound annual growth rate over the past 5 years to $238 billion currently
- For AMD to reach a $1 trillion market cap by 2028, it would need to grow at a 50% compound annual growth rate
- The artificial intelligence (AI) chip market is exploding, with AMD's CEO predicting it will reach over $400 billion by 2027
- AMD recently released a new AI chip called MI300 that is well-positioned to capitalize on AI growth
- With strong growth tailwinds from AI, AMD could join the $1 trillion market cap club alongside companies like Nvidia by 2028