Can AMD Dethrone Nvidia as the Artificial Intelligence (AI) Powerhouse?
Nvidia's (NASDAQ: NVDA) development of high-end data center GPUs for processing machine learning and artificial intelligence (AI) tasks has turned it into a hypergrowth stock over the past couple of years. All of the world's leading AI companies -- including ChatGPT's developer OpenAI, Microsoft, Alphabet's Google, and Amazon -- use Nvidia GPUs.
Nvidia's first-mover advantage and its lack of meaningful competitors made it one of the easiest ways to profit from the expansion of the AI market. But Advanced Micro Devices (NASDAQ: AMD), Nvidia's biggest competitor in the gaming GPU market, is also turning its gaze toward the AI market. Could AMD eventually dethrone Nvidia as the leader in AI chips?
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Stock
€128.04
-1.010%
The stock is one of the favorites of our community with 81 Buy predictions and 3 Sell predictions.
With a target price of 175 € there is a positive potential of 36.68% for Advanced Micro Devices Inc. compared to the current price of 128.04 €.
