Tech Stocks Show Growth Potential Amid AI Boom

Investors are eyeing growth as AI software drives demand for tech. Advanced Micro Devices (AMD) and Monday.com (MNDY) stand out with strong revenue growth and market potential.

Date: 05-01-2025

AI Rating: 7

Economic Insight for Investors: The report highlights promising growth in the technology sector, led by companies like Advanced Micro Devices (AMD) and Monday.com (MNDY). Both companies are well-positioned to benefit from the current AI trend, which drives demand for advanced hardware and software solutions.

Advanced Micro Devices (AMD): The analysis confirms that AMD's revenue from its data center business surged by 122% year over year to $3.5 billion in Q3, indicating strong demand for its services and products. Estimates suggest total revenue growth of 27% in 2025, amounting to $32 billion. Potential profit margins from AI chip sales are projected to push earnings up by 54%. This positions AMD favorably within the market, especially given the analysts' average target price of $183, which indicates a 52% upside from its current price.

Monday.com (MNDY): Monday.com also showcases strong growth, with revenue soaring from $161 million in 2020 to $906 million, reflecting its successful subscription model. Analysts maintain a price target of $319, implying a 35% increase from its current trading price of $235. The company's revenue growth rate of over 30% year over year, alongside a notable improvement in net income to nearly $22 million, suggests a positive trend that could attract further investment.

Stocks: NASDAQ:AMD NASDAQ:MNDY