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AMD Stock Forecast

• Intel recently announced that it is working with Google’s Waymo to develop level 4/level 5 autonomous vehicles. Intel's stock did not benefit from this official announcement.
• CNBC reported that Waymo’s rival, Tesla is working with AMD to develop its custom AI processor. AMD's stock rallies +6.4% during after-hours trading after CNBC's report.
• Nvidia is currently supplying the Tegra processor for Tesla’s self-driving car test unit. AMD probably secretly helping Tesla build its own Autopilot AI processor is a huge confidence booster.Unlike Nvidia, AMD can create AI processors using x86, ARM, and GPU technologies. AMD’s ex-employee Jim Keller is Tesla’s head of its Autopilot program.
• Unlike Nvidia, AMD can create AI processors using x86, ARM, and GPU architectures.  AMD’s ex-employee Jim  Keller is Tesla’s head of its Autopilot program.
• Supplying artificial intelligence processors for self-driving car is one way AMD can benefit from the fast-growing AI chipsets market.

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