Prediction: 1 Artificial Intelligence (AI) Stock That Will Be Worth More Than Palantir and Micron Combined by 2028
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Advanced Micro Devices (AMD) is poised to outperform Palantir and Micron due to its growing presence in AI data center chips, with significant deals with OpenAI and Meta Platforms. AMD's revenue is expected to accelerate, potentially pushing its market cap past the combined value of Palantir and Micron by 2028.
Advanced Micro Devices (AMD) is gaining ground in the AI data center space with significant deals. AMD signed a deal with OpenAI to supply 6 gigawatts of its Instinct GPUs, potentially worth $80 billion in revenue. Additionally, Meta Platforms will deploy 6 gigawatts of AMD's data center GPUs as part of a multiyear deal, adding another $80 billion to AMD's revenue pipeline. AMD's top-line growth is expected to accelerate, with a forecasted 35% jump in 2025 to $46.6 billion. The company's forward earnings multiple is 39, far less expensive than Palantir's 108. Micron and Palantir have a combined market cap of $854 billion, but AMD's earnings growth could push its market cap past theirs by 2028. AMD's growth is driven by its increasing presence in AI data center chips.
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