AMD and Super Micro Soar in AI Boom, Intel Pivots Amid Surging Demand
May 13, 2024AMD's revenue increased by 2% year over year to $5.5 billion in Q1, driven by AI processor sales.
AMD CEO Lisa Su predicts AI accelerator demand could reach $400 billion by 2027.
Super Micro Computer's sales tripled to $3.85 billion in Q1, with net profit up by 367%.
Despite strong performance, Super Micro Computer's stock is down 30% from its peak and considered costly.
Intel is restructuring to become a major semiconductor manufacturer in North America and Europe.
AMD's market share in CPUs is growing rapidly, bolstered by industry partnerships and AI focus.
Comparatively, AMD is currently favored over Intel as a tech stock due to its AI investments and strong partnerships.
Summary based on 4 sources
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Sources
Yahoo Finance • May 12, 2024
Better Tech Stock: Intel vs. AMDThe Motley Fool • May 11, 2024
Should You Buy the Dip on Super Micro Computer Stock?The Motley Fool • May 12, 2024
Better Tech Stock: Intel vs. AMDNasdaq • May 11, 2024
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