We recently published 10 Stock News You Should Not Miss as Tom Lee Reiterates Bullish Market Outlook Amid AI Catalysts. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stock news you should not miss.
Joe Tigay from Equity Armor Investments said in a recent program on Schwab Network that he’s bullish on AMD amid rising demand for AI chips. Here is what the analyst said:
“When I just listened to the CEO’s comments a week and a half ago, just saying, “Hey, we’re just scratching the surface of what this potentially could be when it comes to production of chips or where we’re going to be in how many more of these chips we’re going to be pushing out there,” which is just phenomenal because you could have said that a year and a half ago. Every quarter we’re saying, “Wow, this is incredible. I can’t believe the increase or I can’t believe how much this company has grown, Advanced Micro Devices Inc (NASDAQ:AMD), Nvidia specifically. I can’t believe how many more chips are needed.” And we’re still at this ramping up phase, which is really phenomenal, really exciting to see. I think it’s branching out. Yes, Nvidia is the leader of the world, but there are other options out there and other requirements for chips, not only GPUs, but also for all of these servers and data centers. Advanced Micro Devices Inc (NASDAQ:AMD) is a big part of that. It’s exciting to see and, of course, exciting to see their partnership with OpenAI.”
Macquarie Large Cap Growth Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its third quarter 2025 investor letter:
“Advanced Micro Devices, Inc. (NASDAQ:AMD), a US semiconductor company, was also added to the portfolio. The total addressable market for AI chips is vast and in need of a second supplier to complement NVIDIA. We believe AMD is now positioned to supply a competitive, and possibly superior, chip for inference on a price/performance basis. Additionally, its next-generation chip for AI training should be a viable option to supplement NVIDIA supply.”
While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
