Advanced Micro Devices' (NASDAQ: AMD) stock is in rally mode after quarters of consolidating and sending a clear signal to investors. The signal is that this market is about to rocket higher because a visible catalyst is ahead that the market has severely underestimated. The catalyst is the launch of MI450 products and Helios rack-scale solutions. At face value, you may think AMD will struggle to gain market share versus NVIDIA (NASDAQ: NVDA), but that concern is moot.
Consider that NVIDIA production capacity is maxxed out. Its GPUs, specifically the AI-capable models, are sold out, and Taiwan Semiconductor (NYSE: TSM) is struggling to ramp production.
