Better Artificial Intelligence (AI) Stock: AMD vs. Intel
Chip stocks have taken center stage amid a recent boom in the artificial intelligence (AI) market as demand for graphics processing units (GPUs) has skyrocketed. These high-powered chips are critical for training and running AI models. As a leader in GPUs, Nvidia has seen the most success in the sector so far, enjoying soaring earnings and a stock that climbed more than 280% in the last 12 months after a spike in chip sales.
However, two other chipmakers are moving to challenge Nvidia's dominance and could see major gains in the coming years as their competing GPUs grow in the market: Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC). These companies are investing heavily in AI and could have more room to run in the market than Nvidia over the long term, as they are at earlier stages in their AI ventures.
So let's compare these companies' businesses and determine whether AMD or Intel is the better AI stock this month.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 109 Buy predictions and 3 Sell predictions.
With a target price of 521 € there is a positive potential of 26.18% for Advanced Micro Devices Inc. compared to the current price of 412.9 €.
