From Nasdaq:

Nvidia has become the newest member of the trillion-dollar club, with its market cap exceeding $1.2 trillion. AMD has made a meteoric rise, with its market cap increasing nearly one hundred-fold under CEO Lisa Su. The company’s successful diversification and technological advancements in chipmaking have led to increased competition with Intel.

AMD introduced the MI300 AI accelerators in 2023, predicting at least $2 billion in revenue for 2024. While the MI300 exceeds Nvidia’s H100 in certain specs, it’s unlikely to match Nvidia in the near future. Nvidia has a strong lead and is expected to continue releasing new, innovative AI chips.

Despite the challenges, investments in AMD are still promising. The company’s strong performance in the computer market could lead to significant growth and a projected market cap of $1 trillion by 2030. AMD may get an even better chance at leading the AI chip market, considering its strong position in PCs today.

The analysis concludes that AMD still has high potential for growth, despite not being named in the 10 best stocks to buy now. The future of the AI chip market is promising, with the possibility of successful market penetration for companies like AMD.



Read more: Will Advanced Micro Devices Be a Trillion-Dollar Stock by 2030?