From Nasdaq: 2024-07-26 07:15:00

Nvidia (NASDAQ: NVDA) leads the AI GPU race, leaving AMD (NASDAQ: AMD) behind. AMD’s ROCm software can’t match Nvidia’s CUDA performance, affecting GPU usability. An open-source program, ZLUDA, allows CUDA on AMD GPUs, but risks deter wide adoption. For AMD to compete, software upgrades are necessary in the data center GPU market.

While Nvidia triples revenue, AMD struggles with minimal growth and segment declines. AMD’s revenue projection for 2024 and 2025 lags Nvidia’s, yet both trade at a similar forward P/E ratio. Investors prefer Nvidia for its market dominance, making it a more attractive investment than AMD at present.

Analysts advise caution when considering investing in AMD over Nvidia. Stock Advisor’s top 10 stock picks for investors exclude AMD, with promising returns on other stocks highlighted. Nvidia’s past growth indicates a more reliable investment choice. Stock Advisor offers guidance, portfolio building tips, and stock recommendations to maximize returns since 2002.



Read more at Nasdaq: Could Investing in AMD Now Be Like Investing in Nvidia in 2023?