Could AMD Be the Nvidia of 2026?
Advanced Micro Devices (NASDAQ: AMD) hasn't fared well in the artificial intelligence (AI) race so far. It has been beaten out by one of its rivals, Nvidia (NASDAQ: NVDA). Nvidia has captured a huge chunk of the AI computing market, with AMD only being around as a much cheaper alternative. Almost nobody was using AMD's platform.
But all that changed with the OpenAI partnership announced a few weeks ago. This announcement gave AMD a huge vote of confidence from one of the leading generative AI players, and could have a massive effect on AMD's business. But is this enough to transform AMD into the next Nvidia in 2026?
Image source: AMD.
Source Fool.com
Advanced Micro Devices Inc. Stock
€176.00
2.820%
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 230 € there is a positive potential of 30.68% for Advanced Micro Devices Inc. compared to the current price of 176.0 €.
