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Tech Stocks Overview
The tech-focused Nasdaq Composite has outpaced other indexes with a 90% return over the past five years, driven largely by the rise of artificial intelligence (AI). Despite recent trading volatility, analysts maintain a positive long-term outlook for the sector.
Advanced Micro Devices (AMD)
Advanced Micro Devices (NASDAQ: AMD) reported a 36% year-over-year revenue increase in Q3, reaching $9.2 billion, with adjusted earnings per share up 30%. AMD has made significant investments to enhance its AI chip market position, projecting 66% annualized free-cash-flow growth through 2029, supported by a major contract with OpenAI for its upcoming MI450 GPUs.
Meta Platforms (META)
Meta Platforms (NASDAQ: META) serves over 3.5 billion users daily, generating $44 billion in free cash flow, with a 26% year-over-year revenue increase in Q3. AI enhancements in their ad technology are projected to generate over $60 billion annually, accounting for about one-third of total revenue. Despite a recent stock decline of 20% post-earnings report, growth investments aim to strengthen its competitive advantage.
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