Advanced Micro Devices

AMD

Market cap $354B

In recent years, American semiconductor giant Nvidia (NASDAQ: NVDA) has been synonymous with the AI revolution, with its GPUs forming the backbone of the sector.

Major U.S. chip stocks look set for a quiet, low-volume Friday session following Thanksgiving. Nvidia, AMD, and Intel remain within familiar ranges, with key moving averages shaping near-term resistance and dip-buying opportunities.

You've seen the chart. You've heard the pitch.

Chip stocks show signs of stabilizing into the holiday period, with Nvidia, AMD, and Intel each finding support at key price levels. Buyers continue to step in on pullbacks as the sector holds a mildly bullish consolidation pattern.

AMD's revenue was up 36% last quarter, which is a big improvement from a year ago. CEO Lisa Su expects the business will grow by at least 35% annually over the next several years.

The recent artificial intelligence (AI) sell-off has created attractive entry points in names ranging from chipmakers to data center operators. Infrastructure plays like CoreWeave and Nebius have pulled back sharply despite locking in tens of billions in hyperscaler contracts.

Artificial intelligence stocks are not overheating — they are just beginning to show their potential. That is the view of Wedbush Securities analyst Dan Ives, who says Wall Street bears are mistaking a rapid technological shift for exuberance.

Tepper slashed his hedge fund's position in UnitedHealth Group, perhaps to take some profits off the table. He loaded up on Whirlpool, Qualcomm, and AMD stocks.

Advanced Micro Devices, Inc. remains a GARP stock with significant upside, driven by Data Center AI chips and expanding partnerships. AMD projects robust growth, and I model 31% revenue CAGR through 2030, with market share gains in Data Center and robust growth in Client & Gaming. A base-case fair value estimate for AMD is ~$269.4, making it a Buy under ~$211, though high uncertainty persists due to long-term forecasts.

Nvidia is the leader in artificial intelligence hardware. AMD and Broadcom are trying to steal some of Nvidia's market share.