Better Cloud Stock: Amazon vs. AMD
The cloud market has experienced a boom in recent years, with the COVID-19 pandemic prompting many companies to move their businesses online to suit hybrid working styles. Meanwhile, recent advances in artificial intelligence (AI) have further boosted the industry. Cloud leaders such as Amazon (NASDAQ: AMZN), , and are now in a race to offer the best AI services and attract more customers to their respective platforms.
As a result, now is an excellent time to consider investing in this high-growth industry. Amazon and Advanced Micro Devices (NASDAQ: AMD) are two attractive options, with one responsible for the largest cloud market share and the other home to the hardware necessary to develop the industry.
So is Amazon or AMD the better cloud stock? Let's assess.
Source Fool.com
Advanced Micro Devices Inc. Stock
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 113 Buy predictions and 5 Sell predictions.
As a result the target price of 520 € shows a positive potential of 24.18% compared to the current price of 418.75 € for Advanced Micro Devices Inc..
