AMD Dominates AI GPU Market
This is a news story, published by Yahoo Finance, that relates primarily to AMD news.
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AMD stockThe Motley Fool
•Forget Nvidia: 1 Super Semiconductor Stock Down 29% You'll Regret Not Buying on the Dip Instead
80% Informative
AMD stock is trading 29% below its all-time high, but its recent financial report suggests investors might want to buy it right now.
AMD generated $5.8 billion in total revenue during Q2 , which was an increase of just 9% from the year-ago period.
AMD 's data center revenue soared 115% year over year to a record $2.9 billion .
AMD also makes the most powerful chips for AI -enabled personal computers, and it has taken a dominant position in that market.
AMD stock trades at a price-to-earnings (P/E) ratio of 52.5 .
That's a substantial premium to the Nasdaq-100 index.
However, the stock appears much cheaper when measured against its future earnings.
Wall Street predicts AMD will generate $ 5.51 in earnings per share in 2025 , placing the stock at a forward P/E ratio of just 26.4 .
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