Could Investing in AMD Now Be Like Investing in Nvidia in 2023?
Nvidia (NASDAQ: NVDA) has been the clear-cut winner in the artificial intelligence (AI) graphics processing unit (GPU) race. While AMD (NASDAQ: AMD) has competing products, it hasn't seen anywhere near the success of Nvidia. However, some recent developments have potentially shifted the landscape for AMD.
If given the opportunity, every investor would travel back to the start of 2023 and invest in Nvidia. But could investing in AMD right now be nearly the same thing?
Nvidia's GPU popularity is partly due to its proprietary CUDA software. GPUs are useful in AI because they can process many calculations in parallel, but this isn't a unique feature for Nvidia GPUs. CUDA allows developers to optimize and deploy applications on GPU systems, which is critical for optimizing their use.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 36.5% for Advanced Micro Devices Inc. compared to the current price of 128.94 €.
