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Advanced Micro Devices (AMD, Financial) is a potential breakout candidate for this week, trading at $125.37, with the expectation of AMD's CES 2025 showcase. The semiconductor giant, with a market capitalization of $203.4 billion, is up 3.9% in 2025, despite being down 18% in 2024. Also, CES, starting in Las Vegas, is a major driver for AMD as it plans to unveil new RDNA 4 graphics cards and other products.
Today's press event, spearheaded by Senior Vice President Jack Huynh is likely to present devices that could potentially alter the approach to computing and artificial intelligence. Analysts continue to have high expectations for the firm noting its profitability, especially in sales of its products within AI-related markets. Also, AMD seems relatively cheap, and the Wall Street analysts 'buy' rating for the stock is another boost to invest in the company. With an increasing interest in its next-gen AI and GPU products, AMD's showing at CES could further entrench its market standing and bring handsome returns to shareholders. The idea of getting back on track after the setbacks of the previous year may have begun in the first week of 2025.
This article first appeared on GuruFocus.