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Stock impact report

Forget AMD in 2024: 2 Artificial Intelligence (AI) Stocks to Buy Instead [Yahoo! Finance]

Intel Corporation (INTC) 
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Company Research Source: Yahoo! Finance
Chipmaker Advanced Micro Devices (NASDAQ: AMD) has seen its stock soar 150% since the start of 2023, driven primarily by investors' excitement over AI. AMD's second-largest market share in graphics processing units (GPUs) has made Wall Street bullish as similar offerings from Nvidia have flown off the shelves amid the increased demand for the high-powered chips. However, mediocre quarterly results, alongside a soaring share price, have tanked the value of AMD's stock. The company's business hasn't seen a big enough return on its investment in AI, suggesting there could be better options for backing the high-growth industry. This chart uses price-to-earnings (P/E) ratios to compare the valuations of some of the most prominent names in AI. AMD's stock is by far the worst value, with a P/E of 238. However, two companies stand out as bargains compared to their peers: Intel (NASDAQ: INTC) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) These companies have expanding ventures in AI that c Show less Read more
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