Reported 22 days ago
Nvidia's stock has surged 173% in 2024 due to robust demand for its GPUs in the AI sector, with predictions of $1 trillion being spent on data centers over the next five years. However, Advanced Micro Devices (AMD) is emerging as a strong competitor, having launched new GPUs like the MI300X, which are gaining traction with major clients such as Microsoft and Oracle. AMD reported record revenues, especially in the AI market, and analysts remain overwhelmingly bullish on its stock, making it a potential investment opportunity for those already holding Nvidia shares.
Source: YAHOO