1 Artificial Intelligence (AI) Chip Stock to Buy on the Dip Right Now (Hint: It's Not Nvidia)
Not all chip stocks have been soaring lately.
Over the past year, a number of semiconductor stocks have witnessed meteoric gains thanks to ongoing euphoria surrounding artificial intelligence (AI). The share prices of Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom have all risen approximately 80% over the last 12 months -- handily outperforming both the S&P 500 and Nasdaq Composite.
But one name in the chip realm that just can't seem to appeal to investors is Advanced Micro Devices (NASDAQ: AMD), whose shares have dropped 36% in the last year.
Below, I'm going to analyze AMD's fourth-quarter and full-year 2024 earnings report. While the results can be a little challenging to navigate, I see a lot of potential in AMD's long-run roadmap. I'll explain how the company is making notable inroads in the AI realm, and make the case for why now looks like a great opportunity to buy the dip in AMD stock.
