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
151,40 €
1,81 %
Die Aktie ist durchaus ein Favorit unsere Community mit 93 Buy-Einschätzungen und 2 Sell-Einschätzungen.
Das Community-Kursziel von 175 € für Advanced Micro Devices Inc. deutet auf ein leicht positives Wachstumspotenzial gegenüber 151.4 € hin.
