Advanced Micro Devices’ (AMD) Competitive Position Versus Nvidia Underpins Raymond James’ Confidence

Advanced Micro Devices Inc. (NASDAQ:AMD) is among the top 10 stocks to bargain from Cathie Wood’s banal portfolio. With a worth of astir $495 million, the institution accounts for astir 3% of Cathie Wood-led ARK Investment Management’s 13F portfolio arsenic of the extremity of September. During the 3rd quarter, ARK accrued its AMD presumption by astir 13%, rising from 2.71 cardinal to 3.06 cardinal shares.

On November 20, Simon Leopold, an expert from Raymond James, resumed sum of Advanced Micro Devices Inc. (NASDAQ:AMD) with an Outperform standing and a terms people of $377. This update was portion of the analyst’s resumption of sum of 7 starring semiconductor companies, including Nvidia, Marvell, Broadcom, ARM, Astera Labs, and Intel.

Leopold appeared rather upbeat astir these companies, believing that generative artificial quality has “transformed a typically cyclical marketplace assemblage of semiconductors into a secular boom.” Moreover, helium believes that semiconductors are proving to beryllium the factual basal for “an unprecedented structural displacement successful the exertion landscape.”

The expert besides considers Advanced Micro Devices Inc. (NASDAQ:AMD) “best positioned to vie with NVIDIA” successful merchant GPUs. On his concern thesis, Leopold further elaborated:

“Investor skepticism lingers, but shares person attracted a broader assemblage than successful the past and person delivered outstanding show YTD… Fundamentals request to drawback up, and we judge they will. The newest wins with OpenAI and HUMAIN for ~1 GW could beryllium worthy $15B successful 2026. These turn to implicit 2 GW successful 2027. AMD appears poised for continued server and PC stock gains, too. Additionally, the OpenAI deployment whitethorn service arsenic an important endorsement for perchance encouraging different exemplary builders and hyperscalers to follow AMD GPUs. The AI TAM is ample capable to enactment aggregate spot suppliers, and AMD volition beryllium among the participants.”

Advanced Micro Devices Inc. (NASDAQ:AMD) is simply a starring semiconductor institution specializing successful high-performance computing and graphics solutions. Its wide merchandise portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for information centers, gaming, and embedded systems.

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