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This AI Stock Could Turbocharge Your TFSA With Substantial Growth Potential by 2030 [Yahoo! Finance Canada]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Several big tech stocks , such as Nvidia Meta Platforms Alphabet Amazon , and Microsoft, are investing heavily in artificial intelligence (AI) . However, Advanced Micro Devices NASDAQ:AMD ) stock is one AI stock that is flying under the radar and positioned to deliver outsized gains to long-term investors. AMD is a semiconductor giant and has already returned more than 3,000% to shareholders in the past decade. Despite these market-beating returns, the tech stock is down 58% from all-time highs, allowing you to buy the dip. Let's see how investing $7,000 in this AI stock could turbocharge your TFSA ( Tax-Free Savings Account ) with substantial growth potential by 2030. Is the AI stock a good buy for your TFSA right now? AMD is expanding its presence in the AI accelerator market after reporting US$5 billion in data centre GPU (graphics processing unit) sales last year. It has outlined a roadmap and launched products to compete directly with NVIDIA's future Ruben architecture.
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