AMD and Axcelis Chipmakers Poised for Growth Amid Booming AI and EV Demand

AMD emerging as competitor to Nvidia in AI data centers with new MI300 chips, also seeing growth in personal computers with Ryzen 700 series
Axcelis manufactures critical ion implantation equipment for chip fabrication, seeing demand from electric vehicles and AI semiconductors
Axcelis delivered record $1.13B revenue in 2023, has $1.2B order backlog setting up another record year
Axcelis stock is down 44% from highs, trades at attractive P/E ratio of 14.6X compared to industry average of 35.6X
Wall Street analysts overwhelmingly bullish on both AMD and Axcelis stocks