A Once-in-a-Decade Investment Opportunity: 1 Artificial Intelligence (AI) Chip Stock to Buy Hand Over Fist Right This Instant (Hint: It's Not Nvidia)
Advanced Micro Devices is experiencing robust growth in its data center business, but investors don't seem to be impressed.
Semiconductor stocks have been some of the biggest winners of the artificial intelligence (AI) revolution. It makes a lot of sense, too. AI chips are the brains that power and train generative AI models, helping businesses build new products and services at warp speed -- ushering in a new wave of productivity, efficiency, and automation.
For the most part, however, one name emerges more often than others in the chip realm. Obviously, I'm talking about Nvidia. I can't deny that what Nvidia has achieved over the last two years isn't impressive. Don't get me wrong -- I'm very happy to be an investor in Nvidia stock. But as a long-term investor, I'm always looking for opportunities beyond the mainstream.
Enter Advanced Micro Devices (NASDAQ: AMD). With a share price decline of 31% over the last year, AMD may not look like your cup of tea. However, I'd encourage you to keep an open mind. Let's explore how AMD is making inroads in the AI chip landscape, and why now looks like a lucrative time to buy the stock hand over fist.
