According to Yahoo! Finance, analysts' estimates call for earnings to be up 25% in 2024 and another 54% in 2025. Given this, you would think the stock would trade at a high multiple of earnings, but at the current $130 share price, investors can buy AMD stock at a reasonable 25 times 2025 estimates.

We recently compiled a list of the 14 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks.

Absci will use AMD’s $20 million investment to enhance its AI models. In parallel, the companies will collaborate to develop new hardware and software optimized for the healthcare sector. The effort will place particular emphasis on developing technologies that can advance drug discovery.

Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.

Artificial intelligence (AI) has come a long way in recent years. Businesses are starting to see tangible savings from implementing this technology in their operations, which is triggering massive investment.

In an internal test, AMD used the Ryzen AI Max+ 395 to run a version of the Llama 70B large language model. The company says that its new chip provided 2.2 times better performance than Nvidia Corp.’s standalone RTX 4090 GPU using less power. Usually, standalone GPUs are significantly faster than their CPU-integrated counterparts.

We recently published a list of 10 AI Stocks Wall Street is Talking About. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other AI stocks Wall Street is talking about.

Discussing high valuations in the tech sector, particularly for large-cap stocks trading at forward earnings multiples between 32 and 35 times, Lip countered that many valuations remain within one standard deviation of their historical norms over the past decade.

Artificial intelligence (AI) stocks have soared over the last couple of years as optimism about the technology and its capabilities continues to grow. As most investors know, one of the more notable success stories is Nvidia,