SYM - Better AI Buy: AMD vs. Symbotic Stock
2024-01-28 03:37:00 ET
Advanced Micro Devices (NASDAQ: AMD) and Symbotic (NASDAQ: SYM) have both posted explosive stock performance over the past year. Their share prices are up 130% and 180%, respectively, as of this writing, and both look poised to see long-term benefits from the rise of artificial intelligence (AI).
While AMD has made big gains thanks to excitement surrounding the company's opportunities in providing semiconductors to power AI, Symbotic has seen its share price rocket higher thanks to strong sales growth and interest in its robotics tech. Which of these leading players in next-generation technology trends is the better buy for investors at today's prices?
Parkev Tatevosian (AMD): Investors looking to capitalize on the growth of artificial intelligence have an excellent choice in Advanced Micro Devices. The company has done a solid job growing revenue and profitability in the previous decade and is selling at a reasonable valuation.
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Better AI Buy: AMD vs. Symbotic Stock