By Developing artificial intelligence (AI) software wouldn’t be possible without data centers and the powerful graphics processing chips (GPUs) inside them. For the past 18 months, Nvidia (NASDAQ: NVDA) has dominated the GPU industry with a staggering market share of up to 98%.
But competition was bound to emerge, and Advanced Micro Devices (NASDAQ: AMD) has stepped up to the plate with an exciting GPU roadmap. The company hosted its “Advancing AI” event on Oct. 10, where its CEO Lisa Su provided an update on its next-generation chips.
Although Advanced Micro Devices is still trailing Nvidia in the market for AI GPUs, Su’s comments suggest the company is catching up at a rapid clip. Here’s why investors should be excited.
That means Advanced Micro Devices stock could be a great buy right now for investors who are willing to hold onto it for at least a couple of years — especially with the MI325X and MI350X rolling out in 2025.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Lisa Su Just Delivered Incredible News for Advanced Micro Devices Stock Investors was originally published by The Motley Fool
