Nvidia and AMD are seeing increased competition in the artificial intelligence accelerators and networking market.

Shares of chipmaker Advanced Micro Devices (NASDAQ: AMD) fell 5.4% in Monday trading, as of 2 p.m. ET. The semiconductor stock fell today on the heels of an analyst downgrade from a Wall Street sell-side analyst,

Shares of Advanced Micro Devices ( AMD -2.89%) surged to new highs at the beginning of 2024, but mixed business performance across the company's operating segments has weighed on the stock for most of the year. After reaching a high of $227, the shares are down 44% year to date at the time of writing.

We recently published a list of the 10 Best Growth Stocks To Invest In Now. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against other best growth stocks.