Did AMD Just Say Checkmate to Nvidia?
Today, Nvidia (NASDAQ: NVDA) dominates one of the most exciting and valuable markets on the planet: the artificial intelligence (AI) chip market. The company sells the graphics processing units (GPUs) that power crucial AI tasks -- and its GPUs are the fastest around. This makes it the key element needed in every AI data center, and considering spending in AI infrastructure may reach into the trillions in the coming years, Nvidia's revenue may be set to explode higher to new record levels.
Though Nvidia is the market leader, it still faces competition from other chip designers that have set their sights on taking share from this giant. One of these players is Advanced Micro Devices (NASDAQ: AMD), a company that's boosted the power of its GPUs in recent years and seen demand and revenue climb. And this player just signed a multi-billion-dollar, long-term deal for compute with AI powerhouse OpenAI -- a partnership that even Nvidia chief Jensen Huang called "clever."
Did AMD just say checkmate to Nvidia? Let's find out.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 113 Buy predictions and 3 Sell predictions.
With a target price of 213 € there is a slightly positive potential of 18.16% for Advanced Micro Devices Inc. compared to the current price of 180.26 €.
