Stocks
AMD Gains Ground on Nvidia in AI Chip Market
Nvidia has dominated the market for AI chips, but Advanced Micro Devices (AMD) is gaining ground. AMD's data center revenue growth shows customers are taking notice and jumping on board.
Investors have recognized AMD's strength in AI chips, too, with its stock outperforming Nvidia so far this year. However, some investors may be deterred by the high valuation levels of AMD stock.
Despite this, one analyst predicts that AMD stock could outrun Nvidia over the next three years, citing revenue growth figures and the potential for explosive growth in the AI market.