Here's the Next AI Stock I'm Buying
I haven't added too many artificial intelligence (AI) stocks to my portfolio -- yet. To put it mildly, some of the valuations in the megacap tech stocks have been difficult to justify, especially since I consider myself a value investor at heart.
However, that's about to change in a big way. Chipmaker Advanced Micro Devices (NASDAQ: AMD), typically known by its initials AMD, has been beaten down over the past year or so, and is starting to look -- dare I say it -- cheap. Here's why I'm planning to open a significant position in AMD in my portfolio very shortly, and what I'll be watching going forward.
AMD is often overlooked because of its distant-second market share to Nvidia when it comes to GPUs (graphics processing units) for data centers and other AI applications.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Deutliches Buy-Überwiegen bei Advanced Micro Devices Inc. im Vergleich zu Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 246 € für Advanced Micro Devices Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 234.9 € hin.
