Prediction: AMD Stock Will Soar Over the Next 5 Years. Here's 1 Reason Why.

Advanced Micro Devices (NASDAQ: AMD) is fast becoming the closest alternative to Nvidia as a credible second supplier of artificial intelligence (AI) chips to hyperscalers, sovereign AI programs, and larger enterprises building AI infrastructure globally.Image source: Getty Images.With its next-generation EPYC processors and upcoming Instinct MI450 series of GPUs, AMD expects to capture its share of data center spending, which is expected to reach nearly $6.7 trillion by 2030. Investors hope the stock will move higher as it does.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool