AMD Stock Surges on Bullish Forecasts for New AI Processor
• AMD's new MI300 processor for AI is driving strong stock growth, up over 80% recently
• MI300 sales are forecast for $3.5B this year but could reach as high as $5-8B
• AMD has big opportunity as a "second mover" in AI chips behind leader Nvidia
• AMD chips are competitive for AI inference and targeting emerging AI-PC market
• AMD remains a top pairing with Nvidia stock for full AI exposure given massive growth potential