AMD and Nvidia Race to Dominate Booming AI Hardware Market Worth Trillions
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Advanced Micro Devices (AMD) is growing in the artificial intelligence hardware market, which could drive huge growth. AMD's market cap is currently $275 billion.
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Visa processes over $15 trillion in payments annually and has shown consistent revenue and profit growth. Its market cap is over $500 billion already.
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PDD Holdings owns the fast-growing Pinduoduo e-commerce platform. Revenue grew 94% last quarter. Market cap is around $200 billion with room to grow.
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Nvidia has dominated hardware innovations like GPUs, but AMD is becoming a serious competitor, especially in AI hardware.
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The annual AI hardware market alone is forecast to grow from $600 million now to nearly $2.6 trillion by 2032, presenting a big opportunity.