Advanced Micro Devices (NASDAQ: AMD) has been a giant in the semiconductor industry for years, with a strong focus on innovation. Plenty of companies in the sector have rallied in recent years, but I still think there are reasons AMD stock should be higher. Data is expected to be the next major commodity. Having the right resources to handle this within organisations and governments is going to be massive over the coming decades. Like many in the sector, the business has shown very strong demand for such products. Key segments such as data centres grew 80% year on year (yoy), while the client segment saw an impressive 85% yoy growth. This growth can be attributed to the robust demand for AMD’s MI300 chips for AI data centres. Competition in the sector is incredibly challenging. Nvidia currently leads the charge in graphical processing units (GPUs), taking between 80% and 95% of the market share. AMD has made strategic moves to claw back some of this market, but with so much potential, there is plenty of profit to go around. The company has expanded its product portfolio, including the acquisition of Xilinx, which has allowed it to diversify its business and explore...