Forget AMD: This AI Hardware Stock Is the Smarter Bet Right Now
Broadcom is growing faster and is valued at a lower price.
Overview
Advanced Micro Devices (NASDAQ: AMD) has had a great year, rising more than 120% so far. However, it has gotten a bit hot. AMD's valuation has soared, and it doesn't quite have the same catalysts coming up in 2027 as another top AI hardware stock: Broadcom (NASDAQ: AVGO).
Broadcom is a much better deal in my opinion, and will lead it to new heights over the next year and vastly outperform AMD over the coming year.
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Originally published at www.fool.com.
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