Posted 3/9/2024, 9:35:00 AM
AMD On Track to Outpace NVDA in Booming AI Chip Market
- AI market projected to expand rapidly, making AMD and NVDA top stocks as leading chipmakers
- AMD unveiled new AI GPU to compete with NVDA, secured partnerships with Microsoft and Meta
- NVDA remains dominant in AI chips with 80-95% market share, revenue and earnings skyrocketing
- AMD investing in AI PCs and has more room for stock growth compared to over $2T NVDA
- AMD expected to see 99% stock price growth in 2 years vs 41% for NVDA, making it the better buy