Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) have become favorites on Wall Street this year thanks to a boom in artificial intelligence (AI). The industry is swiftly expanding, and hardware from chipmakers like AMD and Nvidia will be crucial to that growth. As a result, AMD's stock gained 74% since Jan. 1, with Nvidia's up 220%.
As the tech industry develops, multiple sectors are seeking high-powered chips to move forward. In addition to AI, markets such as cloud computing, virtual reality, gaming, and more are boosting demand for such hardware. Consequently, many investors are adding a semiconductor company to their portfolio with hopes of profiting from the long-term growth of the tech industry.
AMD and Nvidia are two of the world's biggest chipmakers, and both are attractive stock options. So, let's assess whether AMD or Nvidia is the better buy in 2023.
Source Fool.com