In today's video, I look at fundamentals, valuation metrics, and recent news for Advanced Micro Devices (NASDAQ:AMD) and NVIDIA (NASDAQ:NVDA). Both companies have seen a surge in stock prices in the past few days due to recent partnerships or price target upgrades. Below I share a few highlights of the video.
- Google has recently selected AMD's third-generation data center CPUs for its upcoming virtual machine products, which are expected to be released later this year.
- NVIDIA has recently received a few price upgrades, which have investors excited. There have also been discussions about NVIDIA's supercomputer Cambridge-1 and the increased adoption of the NVIDIA Drive platform by Gaussin.
- AMD seems to be a better buy when you look at valuation metrics, but is that the case?
Click the video below for my full thoughts and analysis.
*Stock Prices used were the closing prices of June 17, 2021. The video was published on June 18, 2021.