Companies joining the artificial intelligence (AI) market have experienced a bull run in 2023, with companies like Nvidia and Microsoft enjoying stock rises of 165% and 39% since Jan. 1. As a leading chipmaker with much to gain from the sector's development, Advanced Micro Devices (NASDAQ: AMD) also benefited from the rally as its shares have soared 92% in the same period.
AMD's prospects in AI seem to grow by the day as its expansion in the industry develops. However, some analysts have voiced concerns that the company's price may be overinflated after its latest rally and might not be able to live up to the hype.
Here is the bear versus bull review for AMD stock.
Source Fool.com