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Semiconductor stocks have spent most of the past year at the center of the market’s tech rally, driven largely by surging demand for artificial intelligence hardware. Even with recent volatility pulling some names off their highs, investors continue to search for the next dominant player that can challenge Nvidia’s (NVDA) long lead in AI acceleration.
That momentum has increasingly shifted toward Advanced Micro Devices (AMD), which is starting to look like the sector’s new “king of the hill.” The company’s growing traction in data-center AI chips and rising expectations around its long-term earnings power are drawing fresh attention from Wall Street. Following AMD’s Investor Day, Citi analysts said they view the company as the strongest setup in the group, highlighting upbeat revenue and margin targets alongside a path toward higher EPS over the coming years.
