Mag 7 CapEx Offers AMD Opportunity, NVDA Competition Lingers

With AI spending in Amazon (AMZN), Alphabet (GOOGL), Microsoft (MSFT), and Meta Platforms (META) not showing any signs of slowdown, Melissa Otto makes the case that there's much more room for the AI trade to run. One of the biggest beneficiaries she sees from the boom: AMD Inc. (AMD). Melissa expects upward revisions in data center revenue in AMD's earnings early next month. Competition from Nvidia (NVDA) and other chipmakers pose a challenge to AMD, though Melissa isn't too concerned.

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