Is It Time to Dump Nvidia Stock for Advanced Micro Devices After Microsoft Announcement?
Microsoft recently announced that it would offer its cloud computing customers the option of using MI300X artificial intelligence (AI) chips made by Advanced Micro Devices (NASDAQ: AMD). Microsoft will offer clusters of MI300X chips through its Azure cloud computing service as an alternative to Nvidia's (NASDAQ: NVDA) H100 graphic processing units (GPUs).
Given this announcement, is it time to dump Nvidia stock in favor of AMD?
The simple answer is no. Expanding on that answer, it might be a good time to buy both stocks -- and another beneficiary as well.
Source Fool.com
Advanced Micro Devices Inc. Aktie
149,56 €
0,21 %
Die Advanced Micro Devices Inc. Aktie zieht viel Aufmerksamkeit auf sich: Viel mehr Buy- als Sell-Einschätzungen.
Dadurch ergibt sich bei einem Kursziel von 176 € ein leicht positives Potenzial von 17.68% im Vergleich zum aktuellen Kurs von 149.56 € bei Advanced Micro Devices Inc..
