Here’s Why AMD Stock Is Better Than NVIDIA
NVIDIA (NASDAQ: NVDA) investors have been laughing all the way to the bank this year. Shares of the graphics card specialist have shot up more than 50% so far in 2019, which is a tad surprising given that the company has been mired in mediocrity.
Four consecutive quarters of revenue declines and potential market share losses to rival Advanced Micro Devices (NASDAQ: AMD) have been masked by NVIDIA stock's rally. But this doesn't mean investors should turn a blind eye toward its shortcomings.
There was a sigh of relief among NVIDIA bulls when it emerged that the company will finally return to top-line growth in the fourth quarter of fiscal 2019. The graphics specialist's revenue forecast of $2.95 billion for the current quarter is a 34% improvement over the prior-year period, though not up to Wall Street's expectations.
Source Fool.com
