2024-06-18 05:15:00 ET
Chip stocks have soared since last year alongside a boom in artificial intelligence (AI). As a leader in the industry, Advanced Micro Devices ' (NASDAQ: AMD) stock has risen 28% since last June, outperforming the S&P 500 's increase of 24% in the same period. The company has rallied investors with a promising role in graphics processing units (GPUs), the chips necessary for training AI models.
But while AMD stock's growth has benefited current investors, it has also raised the price of entry for new ones.
For further details see:
Forget AMD: 2 Artificial Intelligence (AI) Stocks to Buy Instead