Posted 12/24/2023, 5:00:00 PM
AMD Stock Poised for Growth in 2024 with New AI Chips and China Strategy
- New AI chips like MI300 can tap into fast-growing $400B data center AI market and compete with Nvidia
- Legacy businesses like PC and enterprise chips are recovering from 2022 challenges
- China headwinds may be easing with new strategy to sell specific chips there
- AMD stock valuations cheaper than Nvidia based on price-to-sales ratio
- As underdog to Nvidia in AI, AMD has potential to exceed expectations with new chips