Better Buy: Nvidia vs. Wolfspeed
Nvidia (NASDAQ: NVDA) and (NYSE: WOLF) are both chipmakers that carved out high-growth niches with their unique business strategies. Nvidia is the world's largest producer of discrete graphics processing units (GPUs) for high-end video games and data centers. Its data center business has grown like a weed over the past few years as more organizations upgraded their servers to process advanced machine learning and artificial intelligence (AI) tasks.
Wolfspeed, formerly known as Cree, develops wide-bandgap (WBG) semiconductors made from silicon carbide and gallium nitride -- which can operate at higher voltages, temperatures, and frequencies than traditional silicon chips. The resilience and energy efficiency of its WBG chips make them well suited for short-length LEDs, lasers, military radars, and 5G base stations. Wolfspeed also sells silicon carbide materials to electric vehicle (EV) makers for the production of batteries and powertrains.
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Source Fool.com
