Missed Out on Nvidia? Here Are 3 Other Artificial Intelligence (AI) Stocks to Buy Instead
From Nasdaq: 2024-04-30 09:45:00
1. Nvidia remains a dominant player in the AI chip market with soaring demand for its A100 and H100 chips. However, Intel is stepping up its game with the Gaudi 3 chip, offering faster processing and power efficiency. Dell, HP, Lenovo, and others are partnering with Intel, making it a strong competitor.
2. Advanced Micro Devices (AMD) is also making strides in the data center GPU market with its MI300X accelerator. The company’s fourth-quarter performance exceeded expectations, highlighting strong demand for its competing chip. With a growing market opportunity, AMD has the chance to challenge Nvidia’s stronghold in the industry.
3. Meta Platforms, known for its social media dominance, is venturing into the chip space with its Meta Training and Inference Accelerator (MTIA) chip. By reducing reliance on Nvidia’s chips, Meta aims to cut costs and improve efficiency. MTIA could be a game-changer for Meta, offering a new avenue for growth and innovation.
Read more at Nasdaq: Missed Out on Nvidia? Here Are 3 Other Artificial Intelligence (AI) Stocks to Buy Instead