Appearing quite undervalued compared to its peers, Advanced Micro Devices (NASDAQ:AMD) is in a strong position AI-wise. Just like Nvidia, AMD benefits from growing investor interest in AI chips. The market also expects AMD stock to reach $265 or above, showing potential growth. In the two months since AMD’s AI-driven MI300X accelerator release, the chipmaker generated$1.5 billion in sales. Data center revenue surged 80% in Q1 to $2.3 billion, with segment profits tripling to$541 million. AMD plans to rele ...