From Nasdaq:

The artificial intelligence (AI) market is booming, with a projected compound annual growth rate of 37% through 2030 to nearly $2 trillion. Tech companies are shifting focus to AI, making it a strong long-term investment opportunity.

Two leading AI stocks, Advanced Micro Devices (AMD) and Nvidia (NVDA), have seen impressive share growth. AMD, with its MI300X AI GPU, aims to compete with Nvidia in the AI market and has secured partnerships with Microsoft and Meta.

Nvidia dominates AI with a market cap exceeding $2 trillion and significant revenue growth year over year. With a strong position in AI, Nvidia has the cash reserves to maintain its market supremacy and continue investing in technology.

AMD shows more growth potential in the near term based on EPS estimates. With forward price-to-earnings ratios, AMD is projected to outpace Nvidia in stock price growth by fiscal 2026, making it the better AI stock to buy now.



Read more at Nasdaq: Better AI Stock: AMD vs. Nvidia