“`html
Key Points
Advanced Micro Devices (NASDAQ: AMD) reported earnings that slightly missed analysts’ consensus by one cent, leading to a minor share price decline. Despite this, the company is highlighted as a compelling long-term investment due to its robust growth potential, particularly in the AI sector.
Notably, AMD’s CEO Lisa Su announced that seven of the top ten AI companies are utilizing its current MI350 chips, indicating strong demand for its technology. The upcoming Instinct MI400 chips, set to launch next year, are expected to enhance AMD’s market position against rival Nvidia (NASDAQ: NVDA).
AMD’s sales growth has consistently exceeded 20% over multiple quarters, and shares have increased over 40% this year. Despite trading at a high earnings multiple of over 100, the growth trajectory suggests significant upside potential for the stock.
“`
