Nvidia and AMD Poised for AI Chip Growth Despite New Competition
• Nvidia stock up 246% in 2023 due to shift to high-margin AI chips, reasonable valuation • AMD releasing new MI300 AI chips that can outperform Nvidia's H100, targeting $400B AI chip market by 2027 • Nvidia tailoring products for China AI market, launched slower versions of RTX4090 chip • AMD's new chips not significantly impacting performance yet, but expected growth in 2024 • AI chip market large enough for both Nvidia and AMD to see continued growth