Advanced Micro Devices, Inc (NASDAQ:AMD) stock gained over 42% in the last six months.
Analysts tout AMD as the second most significant beneficiary after Nvidia Corp (NASDAQ: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 (NYSE: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 (NASDAQ:AAPL) market cap this Wednesday.
Investors can gain exposure to AMD via iShares Core S&P 500 ETF (NYSE:VOO).
Price Action: AMD shares traded higher by 0.28% at $166.64 premarket at the last check Thursday.
