AMD vs. Broadcom: The Better AI-Chip Stock to Buy After the Sell-Off
Both AI chip giants are on sale. Only one of them looks cheap.
Overview
A brutal week for chip stocks ended with the PHLX Semiconductor Index in a bear market, down more than 20% from its June peak. Two of the AI (artificial intelligence) trade's flagship names went down with it. Advanced Micro Devices (NASDAQ: AMD) now trades about 15% below its high, while Broadcom (NASDAQ: AVGO) has fallen about 25% from its own.
Both companies, meanwhile, are executing about as well as they ever have. Falling stock prices and accelerating businesses make for a good time to compare the two.
Details
So, which chipmaker deserves new money after the sell-off?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.