Could AMD Be the Next Nvidia?

By Parkev Tatevosian, CFA – May 6, 2024 at 12:09PM

NASDAQ: AMD

Advanced Micro Devices

Market Cap

$266B

Today's Change

(1.14%) $1.85

Current Price

$164.47

Price as of May 17, 2024, 4:00 p.m. ET

AMD's MI300X is gaining traction and setting records for the company.

Fool.com contributor Parkev Tatevosian evaluates AMD's (AMD 1.14%) latest artificial intelligence marketplace successes and compares it to Nvidia (NVDA -1.99%).

*Stock prices used were the afternoon prices of May 3, 2024. The video was published on May 5, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices. The Motley Fool has a disclosure policy. Parkev Tatevosian 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.