The first half of 2024 is over. While the artificial intelligence (AI) fire isn’t burning as bright as it was last year, the growth opportunities it provided for semiconductor companies remain intact. Semiconductor company Advanced Micro Devices (AMD), otherwise known as AMD, is renowned for its innovative processors and graphics cards. Last year, the stock rode the AI wave of innovation, rising 127% to outperform the S&P 500’s ($SPX) 25% gain. Six months into 2024, AMD stock has gained only 10%, trailing the tech-heavy Nasdaq Composite’s ($NASX) gain of 18%. On Wall Street, the stock is deeme…