AMD: Nvidia Signals Lasting AI Boom (NASDAQ:AMD)
Summary
- Advanced Micro Devices, Inc.'s AI chip demand is set to surge, regardless of unresolved China issues.
- The company's MI355 and upcoming MI400 GPUs position AMD to capture significant AI inference market share from Nvidia.
- Current analyst forecasts underestimate AMD's potential; the company could exceed $8 EPS and $50B sales in 2026 with AI growth.
- Despite recent stock stagnation, AMD is undervalued at 20x 2026 EPS, offering substantial upside as AI opportunities expand.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
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Advanced Micro Devices, Inc. (NASDAQ:AMD) (TSX:AMD:CA) hasn't rallied after strong Q2 results despite encouraging results from NVIDIA (NVDA) last week. The Chinese issue remains unresolved, but AI chip demand
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