Reported 1 day ago
Advanced Micro Devices, Inc. (NASDAQ:AMD), featured in billionaire Phill Gross' stock picks with high upside potential, demonstrated strong financial performance in Q4 2024, achieving record revenues of $7.7 billion. Despite challenges in the gaming segment, AMD's data center division saw substantial growth driven by its EPYC processors. With an anticipated 38.84% upside potential, the company remains a key player in high-performance computing, although competition in the AI market could pose risks. Gross, a seasoned investor and co-founder of Adage Capital Management, continues to influence institutional investment strategies, while AMD positions itself for future growth opportunities.
Source: YAHOO