Why AMD and Nvidia Investors Should Be Excited This Week

By Jose Najarro – Jun 1, 2022 at 10:00AM

NASDAQ: NVDA

Nvidia

Market Cap

$1,988B

Today's Change

(1.62%) $12.92

Current Price

$808.10

Price as of April 23, 2024, 9:42 a.m. ET

These two semiconductor giants are ones to hold long.

On Monday, May 30, Advanced Micro Devices (AMD 2.37%) announced that Frontier, a supercomputer powered by AMD's CPUs and GPUs, is the world's fastest supercomputer. The announcement also highlighted the use of AMD's products by some of the world's strongest supercomputers. On the same day, Nvidia (NVDA 1.62%) announced that numerous companies are adopting its Grace Superchip, a product not expected to be released until early 2023. Today's video focuses on how these recent announcements affect future growth potential for AMD and NVDA.

*Stock prices used were the marker prices of May 31, 2022. The video was published on May 31, 2022.

Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.