Here's the Next AI Stock I'm Buying
I haven't added too many artificial intelligence (AI) stocks to my portfolio -- yet. To put it mildly, some of the valuations in the megacap tech stocks have been difficult to justify, especially since I consider myself a value investor at heart.
However, that's about to change in a big way. Chipmaker Advanced Micro Devices (NASDAQ: AMD), typically known by its initials AMD, has been beaten down over the past year or so, and is starting to look -- dare I say it -- cheap. Here's why I'm planning to open a significant position in AMD in my portfolio very shortly, and what I'll be watching going forward.
AMD is often overlooked because of its distant-second market share to Nvidia when it comes to GPUs (graphics processing units) for data centers and other AI applications.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 246 € there is a slightly positive potential of 3.89% for Advanced Micro Devices Inc. compared to the current price of 236.8 €.
