Advanced Micro Devices (NASDAQ:AMD) bulls believe the market should stop comparing the company’s chips with Nvidia and focus on its data-center growth and its competitive edge over other players like Intel. Advanced Micro Devices (NASDAQ:AMD)’s strong ...

We recently published a list of Top 10 AI Stocks to Watch Right Now. In this article, we are going to take a look at where Advanced Micro Devices (NASDAQ:AMD) stands against other top AI stocks to watch right now.

Nvidia and AMD are seeing increased competition in the artificial intelligence accelerators and networking market.

Advanced Micro Devices have underperformed Nasdaq 100, should you buy or sell the stock as its technical analysis indicates a downtrend.

Nvidia (NASDAQ:NVDA) stock found itself in a mini-slump in recent weeks, falling into correction, even as other tech stocks experience their so-called “Nvidia moments.” Though Nvidia could be a relative laggard for a few more weeks or even months as investors digest the recent Fed meeting,

Shares of Advanced Micro Devices ( AMD -2.89%) surged to new highs at the beginning of 2024, but mixed business performance across the company's operating segments has weighed on the stock for most of the year. After reaching a high of $227, the shares are down 44% year to date at the time of writing.

Advanced Micro Devices' current position in AI-GPU market closely mirrors Nvidia’s development path from 1.5 years ago. See why I rate AMD stock a strong buy.

Chicago, IL – December 24, 2024 – Today, Zacks Investment Ideas feature highlights Micron Technology, Inc. MU, Nvidia's NVDA and Advanced Micro Devices AMD. Today's episode of Full Court Finance at Zacks explores where the stock market stands heading into 2025.

Nvidia's launch of Blackwell, which is scheduled to ramp up in 2025, is the wild card that could surprise to the upside. Blackwell is a complete computing platform that utilizes multiple chips to deliver breakthrough performance for generative AI, quantum computing, and other high-performance computing tasks.

Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts, citing their potential to gain from booming demand for artificial intelligence.

US stocks climbed on Monday, with chip stocks leading the tech sector higher while investors eyed a possible year-end rally. All three benchmark indexes ended the trading session in the green, with the tech-heavy Nasdaq Composite rising nearly 1%.

Advanced Micro Devices is positioned for growth despite recent underperformance. Read why AMD's strong financials and 27% upside make it a compelling buy.