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Barchart
Barchart
Sushree Mohanty

Is This AI Stock Worth the Hype it Gets?

AMD Ruben Roy Semiconductor BofA Securities

The first half of 2024 is over. While the artificial intelligence (AI) fire isn't burning as bright as it was last year, the growth opportunities it provided for semiconductor companies remain intact.

Semiconductor company Advanced Micro Devices (AMD), otherwise known as AMD, is renowned for its innovative processors and graphics cards. Last year, the stock rode the AI wave of innovation, rising 127% to outperform the S&P 500's ($SPX) 25% gain.

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