Can AMD Dethrone Nvidia as the Artificial Intelligence (AI) Powerhouse?
Nvidia's (NASDAQ: NVDA) development of high-end data center GPUs for processing machine learning and artificial intelligence (AI) tasks has turned it into a hypergrowth stock over the past couple of years. All of the world's leading AI companies -- including ChatGPT's developer OpenAI, Microsoft, Alphabet's Google, and Amazon -- use Nvidia GPUs.
Nvidia's first-mover advantage and its lack of meaningful competitors made it one of the easiest ways to profit from the expansion of the AI market. But Advanced Micro Devices (NASDAQ: AMD), Nvidia's biggest competitor in the gaming GPU market, is also turning its gaze toward the AI market. Could AMD eventually dethrone Nvidia as the leader in AI chips?
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Source Fool.com
Advanced Micro Devices Inc. Stock
€153.48
0.390%
With 78 Buy predictions and 1 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 177 € shows a slightly positive potential of 15.32% compared to the current price of 153.48 € for Advanced Micro Devices Inc..
