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AMD could outpace Nvidia in AI chip market with new series, potentially leading to stock gains

by Market News Data

Nvidia (NASDAQ: NVDA) dominates the AI chip market with a 92% share. However, AMD (NASDAQ: AMD) is closing in with its new MI350 series of data center GPUs promising significant improvements in AI compute and inference performance.

AMD’s upcoming MI400 series aims to outperform Nvidia with higher memory capacity and bandwidth. This could help AMD capture a larger share of the AI GPU market, potentially leading to significant revenue growth.

AMD’s revenue could reach $71 billion by 2028, driving potential stock gains of 150%. Comparatively, Nvidia’s high price-to-sales ratio may limit its growth potential, making AMD a strong AI stock to consider investing in.

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Read more at Nasdaq: Prediction: This Artificial Intelligence (AI) Stock Could Outpace Nvidia After the Next Chip Upgrade

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