Prediction: AMD Stock Will Soar Over the Next 8 Years. Here's 1 Reason Why.

Advanced Micro Devices (NASDAQ: AMD) stock has sold off in recent weeks. Weak PC sales and worries about competition in the artificial intelligence (AI) accelerator market seem to have weighed on the stock.On the surface, one can see why AMD has struggled. Its $18 billion in revenue for the first nine months of 2024 rose 10%, far below the triple-digit revenue increases of its main rival, Nvidia. Moreover, revenue in AMD's gaming and embedded segments is down 58% and 38%, respectively, in the first three quarters of 2024.Nonetheless, a secular trend in the chip market should stop the decline and send the stock soaring over the next few years. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool