Santa Clara, California-based Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. Valued at $188.2 billion by market cap, the company offers products such as microprocessors,

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

We recently published a list of Jim Cramer’s Bold Predictions About These 9 Semiconductor Stocks. In this article, we are going to take a look at where Advanced Micro Devices, Inc.

Advanced Micro Devices (NASDAQ:AMD) fared better than most chipmakers during the tech sector rout on Monday. Where Nvidia (NASDAQ:NVDA) was crushed by 17%, losing $590 billion in the process, and Broadcom (NASDAQ:AVGO) plunged by a similar percentage,

In addition, while Nvidia has a comprehensive software ecosystem named CUDA, this is more focused on training utilizing high-performance graphics processing units like the H100. Inference workloads will be less reliant on CUDA, so AMD has an opportunity to compete with its open-source ROCm stack and cost-efficient solutions.