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AMD stock reaches almost unprecedented value thanks to AI chip demand (www.techspot.com)

submitted 10 months ago by [email protected] to c/[email protected]

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AMD, which began 2023 at $64 a share and ended at $147, predicts $2 billion in AI data center revenue this year.
All eyes are on Nvidia, which is expected to bring in 60B+ this year, but if AMD holds on to at least 10% of the market, it means huge growth for team red.

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