Prediction: This Will Be AMD's Stock Price by 2030

Advanced Micro Devices (NASDAQ: AMD) hasn't had the best few years. It has been outshined by its rival Nvidia (NASDAQ: NVDA) in the biggest computing buildout of all time, and there doesn't appear to be a path where AMD can be a direct competitor with Nvidia. Instead, it's only viewed as an alternative so customers can push back against Nvidia if it gets too aggressive with pricing.Furthermore, AI hyperscalers are starting to design their own chips in collaboration with Broadcom, creating another fierce competitor for AMD. Alongside all of that, AMD isn't completely focused on high-powered graphics processing units (GPUs). It also has an embedded processor division as well as other computing chips used in gaming consoles and PCs.All of this creates a company that is more diversified than its peers. However, diversification isn't always a good thing, especially when one division is experiencing a generational growth opportunity.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool