We recently published a list of Top 10 AI Stocks to Watch Right Now. In this article, we are going to take a look at where Advanced Micro Devices (NASDAQ:AMD) stands against other top AI stocks to watch right now.

Nvidia and AMD are seeing increased competition in the artificial intelligence accelerators and networking market.

Nvidia and AMD’s participation in xAI’s funding round means they are directly financing a rival to their major customers.

Nvidia (NASDAQ:NVDA) stock found itself in a mini-slump in recent weeks, falling into correction, even as other tech stocks experience their so-called “Nvidia moments.” Though Nvidia could be a relative laggard for a few more weeks or even months as investors digest the recent Fed meeting,

Advanced Micro Devices' current position in AI-GPU market closely mirrors Nvidia’s development path from 1.5 years ago. See why I rate AMD stock a strong buy.

Chicago, IL – December 24, 2024 – Today, Zacks Investment Ideas feature highlights Micron Technology, Inc. MU, Nvidia's NVDA and Advanced Micro Devices AMD. Today's episode of Full Court Finance at Zacks explores where the stock market stands heading into 2025.

Nvidia and TSM are two AI stocks that are trading at reasonable valuations and remain well-poised to deliver outsized returns.

Another reason the AI bubble can burst in 2025 is due to the expected resolution of GPU scarcity that's sent Nvidia's stock into the stratosphere.

Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts, citing their potential to gain from booming demand for artificial intelligence.

Nvidia's launch of Blackwell, which is scheduled to ramp up in 2025, is the wild card that could surprise to the upside. Blackwell is a complete computing platform that utilizes multiple chips to deliver breakthrough performance for generative AI, quantum computing, and other high-performance computing tasks.

US stocks climbed on Monday, with chip stocks leading the tech sector higher while investors eyed a possible year-end rally. All three benchmark indexes ended the trading session in the green, with the tech-heavy Nasdaq Composite rising nearly 1%.

Advanced Micro Devices is positioned for growth despite recent underperformance. Read why AMD's strong financials and 27% upside make it a compelling buy.