Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA
The last several years has been something of a renaissance for graphics processing units (GPUs). Once merely the domain of hardcore gamers, the humble processor has found a home in the growing trend of artificial intelligence (AI). The same number-crunching acumen used to render graphics was found to be equally adept at training AI systems.
Advanced Micro Devices (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA) are the two main players in the graphics processing arena, with NVIDIA controlling more than 70% of the discrete desktop GPU market and AMD picking up the remainder. The AI euphoria that has gripped the tech sector has enriched shareholders of both companies. AMD stock is up 113% in the past 12 months, while NVIDIA has skyrocketed 182%!
While both companies stand to benefit from the continuing trend in AI, only one has laid the groundwork to support future gains.
Source: Fool.com
Advanced Micro Devices Inc. Stock
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 109 Buy predictions and 5 Sell predictions.
As a result the target price of 516 € shows a positive potential of 22.61% compared to the current price of 420.85 € for Advanced Micro Devices Inc..
