Better Artificial Intelligence (AI) Stock: AMD vs. Microsoft
The artificial intelligence (AI) market exploded last year, becoming one of the fastest-growing industries. Data from Grand View Research shows the AI market is projected to expand at a compound annual growth rate of 37% through 2030, which would see it exceed a value of $1 trillion before the end of the decade.
So it's no surprise that companies worldwide have restructured their businesses to focus on the budding sector, presenting a variety of investment opportunities. Advanced Micro Devices (NASDAQ: AMD) and Microsoft (NASDAQ: MSFT) are some of the most attractive options, with one making moves in AI chips and the other heavily investing in the software side of the industry.
So let's take a look at whether AMD or Microsoft is currently the better stock for those who want to back the rapidly expanding AI market.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 1 Sell predictions.
With a target price of 177 € there is a slightly positive potential of 14.3% for Advanced Micro Devices Inc. compared to the current price of 154.86 €.
