From Nasdaq.:

1. Nvidia has seen a 246% increase in shares during 2023 with revenue increasing by 206% and net income by 1,259% during the third quarter. This is due to a surge in margin from sales of the H100 chip. The company is also entering the Chinese market with a customized chip. With a forward price-to-earnings (P/E) ratio of 25, Nvidia stock is relatively cheap compared with its projected growth.

2. AMD is investing in AI hardware and aims to capture a share of the $400 billion AI chip market by 2027. The MI300 family of AI chips has the potential to outperform Nvidia’s flagship H100. The company’s AI efforts are expected to lead to significant revenue growth. However, with a forward price-to-earnings (P/E) multiple of 39, its shares are more expensive than Nvidia’s.

3. Both Nvidia and AMD aim to capture a share of the growing AI hardware market, which is expected to surge to $400 billion by 2027. Both companies have the potential to sell these products as the market expands, with significant room for growth.

4. Nvidia isn’t one of the Motley Fool Stock Advisor analyst team’s 10 best stocks to buy right now, despite its success. The team has identified 10 other stocks that could produce monster returns in the coming years.



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