Despite the explosive demand for generative AI chips, AMD's (NASDAQ:AMD) stock failed to gain momentum and was underperforming for most of 2024. While there’s a possibility that in 2025 the performance will be much better, considering that the company
AMD: This Is Dead Money
Summary
- Despite strong demand for AI chips, AMD's stock underperformed in 2024 due to rising competition and macro risks.
- AMD remains undervalued, but it's unlikely that its share will be able to aggressively rebound to its all-time high levels in the foreseeable future.
- Increased competition from Nvidia and hyperscalers, along with macro risks limit AMD's upside potential.
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