Posted 3/12/2024, 10:15:00 AM
AMD Unveils New AI Chip, Aims to Lead AI Computing Market with Potential to Double in 2 Years
- AMD recently unveiled its new MI300X AI GPU to compete with Nvidia in the fast-growing AI market
- AMD aims to lead in AI-powered PCs, with 60% of PCs expected to be AI-enabled by 2027
- AMD's revenue and earnings are growing, with its data center segment up 38% driven by AI
- EPS estimates show AMD's earnings could reach $7 per share by 2026, implying a $410 share price
- AMD has huge potential in AI and could realistically double in the next 2 years, making it a better buy than the "Magnificent Seven" big tech stocks