AMD and Tesla Poised for Growth in AI and Electric Vehicle Markets
AMD's AI market potential and Tesla's electric vehicle leadership highlight their investment appeal despite challenges.
- Advanced Micro Devices (AMD) outperformed five of the seven 'Magnificent Seven' tech stocks, recording a 152% gain over the last year.
- AMD's expanding position in the AI market could see its stock double over the next 24 months, with earnings per share potentially topping $400.
- The AI market is projected to reach nearly $2 trillion by 2030, with AMD poised to capture a significant share despite a late start.
- Tesla, identified as the best 'Magnificent Seven' stock to buy now, faces challenges but has opportunities in electric vehicles and AI software.
- Tesla's leadership in battery-electric vehicles and potential in autonomous ride-sharing could drive significant growth despite recent setbacks.