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This has been an incredible year for many large technology companies. But the recent gains in the stock market for the big players providing equipment to enable generative artificial intelligence may not signal an overheated market. They might be pointing to even greater gains to come.
Advanced Micro Devices Inc.
AMD has been working to gain share in the market for graphics processing units used by AI technology developers, which has been dominated by Nvidia Corp. NVDA Analysts polled by LSEG have reacted to recent deal announcements by increasing their 2026 revenue estimates for the company by 12% since June 30. The analysts have also increased their 2027 sales estimates for AMD by 32% since June 30.
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