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AMD: AI Chip Boom

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  • NVIDIA ushered in an AI chip boom with an inflection point in the current quarter.
  • AMD announced several new AI chips in the last few months with plans to accelerate development and new product releases during 2023.
  • The stock only trades at ~13x normalized EPS targets despite the long-term growth potential accelerated by AI chip demand.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
NVIDIA (NVDA) soared this last week as the CEO told a bullish story on AI chip demand altering the narrative of a weak chip business due to slumping demand. Advanced Micro Devices (NASDAQ:AMD) recently told

Read the full article on Seeking Alpha. 

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