Nvidia and AMD are seeing increased competition in the artificial intelligence accelerators and networking market.

Advanced Micro Devices' current position in AI-GPU market closely mirrors Nvidia’s development path from 1.5 years ago. See why I rate AMD stock a strong buy.

We recently published a list of the 10 Best Growth Stocks To Invest In Now. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other best growth stocks.

Shares of Advanced Micro Devices ( AMD -2.89%) surged to new highs at the beginning of 2024, but mixed business performance across the company's operating segments has weighed on the stock for most of the year. After reaching a high of $227, the shares are down 44% year to date at the time of writing.