Advanced Micro Devices (AMD) Source: Pamela Marciano / Shutterstock.com Beaten-down shares of Advanced Micro Devices (NASDAQ:AMD) should push higher on the artificial intelligence boom, especially when it launches its new chip in 2024. AMD could also be a major competitor to Nvidia in the data center AI chips market, which could be worth $150 billion in the next few years. However, that’ll happen with geopolitical issues, inflation, struggling Americans and a potential recession in 2024, as noted by The Conference Board.