From Nasdaq: 2024-06-04 09:05:00

Zacks.com features stocks like AMD, NVIDIA, Microsoft, and Alphabet in its Analyst Blog, discussing market news. The competition between Advanced Micro Devices and NVIDIA in the AI space has escalated with new product launches at Computex 2024. Enterprises’ massive spending on digital transformation provides growth opportunities for chipmakers like AMD and NVIDIA.

Both AMD and NVIDIA are focusing on frequent chip launches to stay ahead in the AI market. AMD unveiled new Instinct accelerators and EPYC server processors at Computex, while NVIDIA announced next-generation AI chip architecture and software tools. Tech giants like Microsoft, Alphabet, and Meta are also introducing AI accelerators to enhance their AI capabilities.

NVIDIA has outperformed AMD, Microsoft, and Alphabet with a 121.4% year-to-date growth, thanks to its high computing power chips. However, AMD’s latest product lineup positions it well to challenge NVIDIA in the AI market in the long run. Investors should consider NVIDIA, rated #1 (Strong Buy) by Zacks, for its growth potential, while waiting for a better entry point for AMD given its premium valuation.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Advanced Micro Devices, NVIDIA, Microsoft and Alphabet