Upgrade for Advanced Micro Devices: Truist Increasingly Sees the Company as a Competitor to NVIDIA. The Upside Potential is 30%.

The stock of Advanced Micro Devices (AMD;i) has shown strong performance recently. The company offers a wide portfolio of high-performance processors and graphics solutions for data centers, PCs, gaming, and embedded systems. With the Instinct MI350 series for AI and edge applications, as well as the Radeon AI Pro R9700 GPU, AMD is strengthening its position in the AI market. The launch of the Radeon 9600 XT has also impressed in the gaming sector. New customers from cloud, aviation, media streaming, and finance are driving growth, with over...