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While chipmaker Advanced Micro Devices (AMD) hit new all-time highs on April 20, its valuation remains attractive, given its powerful growth and huge opportunities in the AI-chip space. Additionally, in the longer term, the tech giant looks well-positioned to become a major player in the physical-AI space, while two banks recently issued bullish notes on AMD stock.
Because of these points, should investors looking to expand their exposure to large chip stocks consider buying AMD's shares now?