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News  ›  The Motley Fool

AMD's Stock Has Doubled This Year. Here's Why It's Not Too Late to Invest.

The Motley Fool Logo The Motley Fool By David Jagielski
AMD's Stock Has Doubled This Year. Here's Why It's Not Too Late to Invest.

AMD's stock has surged 115% this year, driven by strong growth in its AI chip business. Despite initial challenges competing with Nvidia, AMD is now seen as a promising investment with potential for significant future earnings in artificial intelligence.

Insights
AMD   positive

Strong AI chip business growth, potential partnership with OpenAI, attractive forward P/E ratio, CEO's optimistic revenue projections, and potential to reach $1 trillion market valuation