This AI leader is just getting started…

March 4, 2024

If we described a company that (in 2024 alone):

  • Is posting double-digit consumer buzz growth.
  • Debuted the world’s first desktop processor with a dedicated neural processing unit (NPU), allowing users to keep generative AI project in house and self-sufficient from a third-party cloud.
  • Launched 2 new devices aimed to enhance AI features in vehicles, from safety and autonomous driving to “infotainment” capabilities.
  • Is dropping a new line of APUs expected to triple AI performance. APUs, or Accelerated Processing Units, are a type of microprocessor developed by this company. They combine a CPU (central processing unit) and a GPU (graphics processing unit) on a single chip. This integration aims to improve processing efficiency and graphics performance, especially in compact devices where space and power consumption are significant considerations.
  • Is not Nvidia (NVDA).

Would you guess we were talking about AMD?

LikeFolio data suggests this company may still be underestimated by the street, despite making significant gains over the last year (stock is up +144% over the last year).

Web visits show interesting over-performance vs. industry titans.

Despite a broader slowdown in PC sales, AMD's Q4 earnings exceeded expectations.

However, the company anticipates a 10% revenue decline in Q1 2024, primarily due to expected drops in its Client and Gaming segments. This reflects the challenges within the PC industry post-pandemic growth, even as AMD continues to grow its Data Center business.

At LikeFolio, we see any short-term pullbacks as major entry opportunities for long-term investors.

AI is JUST getting started and the tide is likely to lift many ships…AMD’s included.

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