Prediction: This Will Be AMD’s Stock Price By 2030 (Hint: You’re Going to Want to Buy Now)
Key Points
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AMD’s data center division has lagged behind Nvidia’s since the AI arms race began.
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Management believes the company can grow its data center division at a 60% CAGR over the next five years.
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It may become a trillion-dollar company by 2030 as a result.
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Advanced Micro Devices (NASDAQ: AMD) 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…
