Many artificial intelligence (AI) stocks soared over the past year as the bulls touted the growth potential of generative AI platforms like OpenAI's ChatGPT. Applied Digital (NASDAQ: APLD), a company that rents out data centers to AI-oriented companies, saw its stock surge nearly 230% this year. SentinelOne (NYSE: S), a cybersecurity company that aims to replace all human analysts with AI algorithms, experienced a year-to-date decline of 10% and remains more than 50% below its IPO price.
Synaptics is down this year, dramatically underperforming other chip stocks, but it could be really cheap right now.
Uncover the financial narrative of a key player in the AI chip market. Does AMD's stock hold untapped potential in the long run? And did you miss the AI bus yet?