Advanced Micro Devices (AMD) has been explosive, too.
At CES 2025, AMD announced its new Ryzen AI Max, additional Ryzen AI 300, and Ryzen AI 200 central processing units (CPUs) for AI PCs, as well as high-powered chips for gaming desktops and laptops and handheld gaming systems.
Helping, analysts at Northland Securities say AMD is a great opportunity, and named the tech stock as one of its top picks for the new year.
“We expect AMD to continue to gain share in AI GPUs, server CPUs, and PC clients as headwinds from the embedded and gaming segments abate. AMD is winning share in AI based on its roadmap and TCO. AMD has better products for server and client CPUs. The PC refresh cycle will likely be much stronger than currently expected. We think there is significantly more upside to CY25 than risks,” added Northland Securities, as quoted by TipRanks.com.
We also have to consider that the AI boom is just heating up.
According to Jensen Huang, founder and CEO of NVIDIA, “AI will be mainstream in every application for every industry. Placing an AI supercomputer on the desks of every data scientist, AI researcher, and student empowers them to engage and shape the age of AI.”
Even better, according to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.
Plus, according to a new IBM study, “retail and consumer products companies surveyed say they plan to allocate an average of 3.32% of their revenue to AI—equivalent to $33.2 million annually for a $1 billion company,” as noted by an IBM press release.
“AI is no longer just a tool; it’s a strategic imperative,” said Dee Waddell, Global Industry Leader, Consumer, Travel & Transportation Industries at IBM, as also noted in the IBM press release. “Retail and consumer product companies are at a tipping point where embedding AI across their operations can help define not just productivity gains, but the future of brand relevance, engagement and trust.”
Sincerely,
Ian Cooper
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