In my view, the market underestimates the potential of its AI-oriented products, especially its MI250 chips and the associated software support.

Advanced Micro Devices, Inc. is a viable alternative to Nvidia Corporation in the AI market and its valuation is more attractive than NVDA. Click for more on AMD.

Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) are trading higher Thursday afternoon after HSBC upgraded the stock from ...

Shares of computer processor maker AMD (NASDAQ:AMD) jumped 4.2% in the morning session after HSBC upgraded the stock and ...

HSBC analyst Frank Lee just upgraded Advanced Micro Devices (AMD) from “Hold” to “Buy,” doubling its price target from $100 to $200 per share, implying a 44.5% upside from the stock’s closing price of ...

However, AMD must navigate challenges from custom silicon solutions developed by major cloud providers and the potential threat of ARM-based competitors entering the market.

AMD vs. NVDA: Which AI Semiconductor Stock Has More Upside Potential? August 26, 2024 — 09:03 am EDT Written by Aditya Raghunath for Barchart -> ...

AMD's approach to design and performance, coupled with the potential for a more competitive pricing structure, could entice the significant AI market to reconsider their hardware allegiances.

If AMD gains AI market share, it may move up in terms of investor discussions alongside Nvidia. Hence, the shift led to reinvestment in undervalued stocks favors AMD, at least right now.