AMD Vs. Nvidia: AI Stock Showdown Heats Up As Market Awaits Next Big Move
AMDAMD(AMD) Benzinga·2024-09-13 21:02

The AI supercycle is fueling a heated competition between Advanced Micro Devices Inc AMD and Nvidia Corp NVDA, with both tech giants racing to capture the growing AI market.While AMD stock has gained 39.98% over the past year, Nvidia has surged 161.90%. Year-to-date, the gap is even wider, with AMD up 8.80% and Nvidia soaring 147.33%. After all, Nvidia’s first-mover advantage in the AI space has helped it amass over 2.9trillioninmarketcap,withAMDleftplayingcatchupataround2.9 trillion in market cap, with AMD left playing catch-up at around 245 billion.AMD's CEO ...