2024-08-04 07:30:00 ET
Semiconductor company Advanced Micro Devices (NASDAQ: AMD) recently reported second-quarter earnings. While archrival Nvidia posted triple-digit revenue growth on AI tailwinds in recent quarters, some laggards in AMD's business have muffled its top-line performance.
However, there are signs that AMD is becoming increasingly competitive in AI, which could accelerate the company's total growth.
With shares down over 30% from their high, this could be an excellent opportunity to buy a stock with multiple growth opportunities ahead.
For further details see:
Is Advanced Micro Devices (AMD) Stock a Buy Now?