Taiwan Semi's Supplier Dismisses Selloff, Projects Strong AI Growth Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
0mins
Should l Buy AMD?
Source: Benzinga
AI's Impact on Semiconductor Growth: Executives from Taiwan Semiconductor Manufacturing Co and Scientech Corp predict significant growth in the semiconductor industry driven by artificial intelligence, with expectations of a two-to-three-fold increase in equipment sales and a 50% compound growth rate for AI accelerators.
Market Performance and Trends: Despite recent selloffs in the chip sector, particularly affecting Nvidia and AMD, TSMC's stock has risen over 70% in the past year, reflecting strong demand for AI-related products and recovery from previous market slumps.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to rise
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 210.210
Low
210.00
Averages
289.13
High
377.00
Current: 210.210
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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