We recently published a list of Billionaire Ken Fisher’s 10 Favorite AI Stocks for the Rest of 2024. Since Advanced Micro Devices, Inc (NASDAQ:AMD) ranks 7th on the list, it deserves a deeper look. Billionaire Ken Fisher regularly shares his investing wisdom on his YouTube channel,

Advanced Micro Devices AMD has outperformed the market over the past 20 years by 4.85% on an annualized basis producing an average annual return of 13.29%. Currently, Advanced Micro Devices has a market capitalization of $268.38 billion.

Advanced Micro Devices is still trading at a fairly cheap price. According to our valuation, the intrinsic value for the stock is $232.43, which is above what the market is valuing the company at the moment.

Columbia Threadneedle Investments, an investment management company released its “Columbia Threadneedle Global Technology Growth Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here.

Advanced Micro Devices announced its $4.9B acquisition of ZT Systems as a strategic move in the AI market. Find out why AMD stock is a Sell.

We recently compiled a list of the Jim Cramer’s 10 Stock Picks That Could Change Your Investment Game. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other stocks that could change your investment game according to Jim Cramer.