Nvidia (NASDAQ: NVDA) has been a top AI investment, but AMD (NASDAQ: AMD) is gaining ground with a deal providing 6 gigawatts of computing power to OpenAI. This signals a shift in generative AI use towards AMD, traditionally seen as inferior to Nvidia. AMD’s Q3 earnings report on Nov. 4 could reveal a significant order backlog post-OpenAI deal. However, AMD’s data center revenue growth lags behind Nvidia’s, and its high stock price may be risky if sales don’t materialize. Investors should wait for Q3 results before considering AMD over Nvidia.

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Read more at Nasdaq: Prediction: AMD’s Stock Could Soar on Nov. 4