What's Going On With AMD Stock Thursday?

Zinger Key Points
  • Analysts highlight AMD's strong pipeline, including MI325, MI350, and MI400, following the Taiwan event.
  • TF International Securities analyst suggests AMD should invest in TSMC's 2-nm technology over Samsung's 3-nm.

Advanced Micro Devices, Inc AMD stock gained over 42% in the last six months.

Analysts tout AMD as the second most significant beneficiary after Nvidia Corp NVDA. AMD recently highlighted gaining a 33% market share in the server CPU market in the first-quarter, up from ~8% in 2020.

After the Taiwan event, analysts called out AMD’s pipeline, including the upcoming MI325, MI350, MI400, and MI400.

Recent reports indicated AMD’s plans to tap Samsung Electronics Co to develop 3-nanometer chip processing technology. However, TF International Securities analyst Ming-Chi Kuo stated there is a lack of progress between the companies. In her latest post, the analyst further noted that by the time the companies are ready to commercialize the 3-nm chip technology, Taiwan Semiconductor Manufacturing Co’s TSM 2-nm will already be in mass production. According to the analyst, it would make more sense for AMD to invest in TSMC’s 2-nm products.

According to the analyst, AMD and Samsung are currently discussing leveraging 5-nm for AMD’s AI chip MI400 series.

AMD’s market cap of $269 billion trails the undisputed numero uno AI beneficiary Nvidia’s market cap of over $3 trillion, with the latter crossing Apple Inc’s AAPL market cap this Wednesday.

Investors can gain exposure to AMD via iShares Core S&P 500 ETF IVV and Vanguard S&P 500 ETF VOO.

Price Action: AMD shares traded higher by 0.28% at $166.64 premarket at the last check Thursday.

Now Read: Jensen Huang’s Nvidia To Remain ‘Top Dog’ In AI Chip Battle, AMD To Get A Slice, Predicts Tech Investor Paul Meeks

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