Advanced Micro Devices (AMD 1.11%) has been a successful investment since the artificial intelligence (AI) arms race began in 2023, with its stock rising from about $60 to around $250 today. That’s about a 213% rise, which is an impressive return in three years. But several companies have delivered far better returns over that time, including AMD’s chief rival, Nvidia.
However, the tables may have turned, as AMD is becoming more competitive and may be able to steal some of the data center money that Nvidia is capturing. All of this was revealed during AMD’s Financial Analyst Day, and it included some monster projections that have investors like me considering buying the stock.
AMD’s stock…
