AMD Stock: Buy, Sell or Hold?

Chip stocks have captivated Wall Street since the beginning of last year. A burst of growth in the artificial intelligence (AI) market has highlighted the crucial role chipmakers play in the industry’s development. As a result, companies love it Nvidia and Advanced microdevices (NASDAQ: AMD) came together and created attractive ways to invest in the burgeoning AI industry.

However, AMD stock is arguably the more compelling buy of the two. The company’s market cap is currently $255 billion, compared to Nvidia’s, which reached more than $3 trillion this year. The sizeable difference suggests that AMD could have a lot more room to run than Nvidia in the coming years.

These companies are active in the same high-growth industries. Meanwhile, AMD is investing heavily in AI to catch up to its rival and is already seeing promising results, according to this latest earnings report.

Continue reading