Distant number two to Nvidia, AMD could be winner anyway, Barron’s says

Advanced Micro Devices (AMD) has always been a bridesmaid, never a bride. That’s not a problem for the stock, even as it trails market leader Nvidia (NVDA) in artificial intelligence, Jacob Sonenshine writes in this week’s edition of Barron’s. AMD stock, up more than 500% over the past five years, has dropped some 20% since peaking on March 7. Investors needn’t worry. AMD’s gaming and industrial businesses should stabilize, and demand for chips in data centers should grow as companies diversify from Nvidia, even if only a little, the author says. In effect, AMD remains in the same position it was when Intel (INTC) dominated chip sales.