Own AMD stock? This Is the 1 Thing to Watch Now.

Shares of Advanced Micro Devices (NASDAQ: AMD) have surged 81% over the last three months. For shareholders, the stock's rebound is encouraging following the underperformance in 2024, while its larger rival Nvidia outperformed.Nvidia has dominated the market for data center chips. AMD has seen strong growth for its MI300 series of graphics processing units (GPUs) for data centers, but it's got a lot of work to do if it's going to catch the leader.Wall Street is betting on AMD to show strong earnings growth over the next year as it continues to expand its data center offering. Despite Nvidia's commanding lead, both stocks are currently trading at the same forward price-to-earnings (P/E) multiple of about 39 in the last week of July.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool