Can AI Help AMD Stock Soar 59% in the Next 12 Months?

Advanced Micro Devices (AMD) has been trailing the broader market over the past year, with its stock down approximately 21.4%, while the S&P 500 Index ($SPX) has risen by about 11.4%. However, AMD’s underperformance may not last long as it expands its artificial intelligence (AI) portfolio, which is expected to drive its data center AI revenue and support its share price.

AMD Is Catching Up in the AI Boom