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A company that is a leader in AI stocks has become a big deal nowadays just like NVIDIA, for the last couple of years. Namely, Advanced Micro Devices, Inc. (AMD) has gained recognition as a top competitor in the category of AI, which has caused investors to focus on this unstable but extremely promising area of technology. Let us after all talk about why AMD is regarded as one of the best AI stocks to buy as the centre of attention that has moved from NVIDIA.
Since NVIDIA has been strongly linked to AI and machine learning for a long time, its rival AMD has no less earnestly increased its stake in the space of AI. AMD has been stepping out of traditional domains, and investing in developing AI-dedicated processors for years. In the context of AI, one of the major gains may end up being the growth in hardware demand.
AI hardware, the buzzword of the moment, keeps on gaining demand from various parts of the industries. These range from the data centers, creating AI applications to the autonomous vehicles that make use of them; all of them using powerful hardware accelerators to process large data sets and the complex algorithms that come with them. AMD has predictably picked up on the booming AI proliferation of computing and is aggressively contributing to the production of AI-focused products.
AMD has considerably come a long way in the ascription to others by forming key partnerships and significant acquisitions. In 2019, the company bought Xilinx Corporation, which is a prime leader in field-programmable gate arrays (FPGAs) and adaptive computing technologies, yet the company serves as a platform for high-performance computing. Partnering with the major cloud services providers and also other technology leaders has helped AMD to occupy crucial segments of the AI battlefield and become even more desired.
Perhaps the global AI hardware market will have the fastest growth by the end of these years as a result of exciting advances in AI algorithms, complex data, and the exploding spread of AI-enabled devices. Along with AI soaking into fields of business, the demand for fully-fledged hardware accelerators is going to rise enormously, and accordingly, companies like AMD would want to take this trend in stride and gain a leading position in this growing market.
Even though AMD isn't willing to lose to industry leaders like NVIDIA, the investors find it attractive because of the company's strong product portfolio, good partnerships, and successful financial results. The rapid rise of the company's shares in the AI sector market is quite significant, it perhaps exudes the optimism associated with the firm's AI potential.
The task of producing AI hardware accelerators is becoming more and more difficult because of the huge number of companies that want to take advantage of this kind of technology. AMD has thus, become a key player in the industry of developing new AI hardware accelerators, offering solutions that are tailored to meet the latest requirements of AI applications. Having its sights set on achieving better performance, operation, and scalability, AMD now looks like a key player in the very lucrative AI market segments where investors may heal an appetite for exposure.
