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MarketBeat
MarketBeat
Thomas Hughes

Advanced Micro Devices Can Double in Price: Here’s Why

Advanced Micro Devices AMD Nvidia MarketBeat Ant Group
[content-module:CompanyOverview|NASDAQ:AMD]

There are many takeaways from Ant Group's recent news, but the one critical to Advanced Micro Devices (NASDAQ: AMD) investors is this: Ant Group is leaning more heavily on AMD chips and domestically sourced GPUs to lower the cost of training AI.

They are getting similar, if not better, results than with NVIDIA’s (NASDAQ: NVDA) chips, providing long-awaited evidence that AMD can regain share from NVIDIA.

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