In NVDA Vs. AMD, One Stock Has Emerged Clear Winner — But What Can You Expect Next In Chipmakers' AI Race?
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NVDA) has outperformed Advanced Micro Devices, Inc. (AMD) in the stock market this year, largely due to its head start in the field of artificial intelligence (AI). Nvidia's stock has gained over 275% over the past year, making it the top-performing S&P 500 stock and the best-performing mega-cap tech stock. AMD, on the other hand, has gained over 83% in the past year. The company has announced two AI chips, the M1300A and M1300X, which are seen as a potent rival to Nvidia’s H100 high-performance GPU processor. AMD expects to ramp up production and start shipments of its AI chips later this year.
October 10, 2023 | 12:50 pm
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POSITIVE IMPACT
AMD's stock has gained over 83% in the past year. The company has announced two new AI chips and plans to ramp up production later this year.
AMD's announcement of two new AI chips and plans to ramp up production later this year could potentially boost its stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nvidia's stock has performed exceptionally well this year, largely due to its advancements in AI. The company's stock has gained over 275% over the past year.
Nvidia's advancements in AI have made it a leader in the tech industry, which has significantly boosted its stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100