<p>David Paul Morris/Bloomberg/Getty Images</p> <p> AMD CEO Lisa Su in San Jose, California, in December. ” bad-src=”https://s.yimg.com/ny/api/res/1.2/M2ToYA6eK462qDITgk8QRA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOQ–/https://media.zenfs.com/en/investopedia_245/e17f6c37f5e309febb3d c805e735b08f” src= “https://s.yimg.com/ny/api/res/1.2/M2ToYA6eK462qDITgk8QRA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOQ–/https://media.zenfs.com/en/investopedia_245/e17f6c37f5e309febb3dc805e73 5b08f”/></p></div> </div> </div> <div class=

David Paul Morris/Bloomberg/Getty Images

AMD CEO Lisa Su in San Jose, California, in December.

Advanced micro-devices (AMD) will hold its “Advancing AI” event this week, with analysts expecting new product announcements that could push the stock higher and increase sales.

AMD shares are more than 15% higher than where they started the year, although below the record highs set in March. Thirteen analysts tracked by Visible Alpha have a “buy” or equivalent rating on AMD shares, while three have a “hold” rating.

AMD stock has an average indicative price of $190.56, meaning analysts generally expect AMD shares to rise another 11%. AMD closed Monday at just under $171 after moving slightly earlier in the week.

The company’s shares rose nearly 20% in the days following a similar event last December.

New AI products could help fight Nvidia

Analysts said They expect AMD to announce new products at Thursday’s event, which could pave the way for it to gain market share in the artificial intelligence (AI) accelerator space as it takes on Nvidia (NVDA), the industry leader.

Analysts said the “AI ecosystem partners, customers and developers” AMD mentioned in announcing the event could include new customers, evidence of AMD’s growth. market share.

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