Nvidia designs powerful data center chips for processing AI workloads, but it can't keep up with demand. AMD swooped in with its new data center chips for AI, and they are attracting some of Nvidia's best customers.
AMD is expanding its footprint among small and medium businesses with the launch of the EPYC 4004 Series processors.
Tech stocks took a pause early Wednesday ahead of potentially market-moving earnings from Nvidia after the close.
Advanced Micro Devices, Inc. (NASDAQ:AMD ) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference Call May 21, 2024 3:45 PM ET Company Participants Jean Hu - Executive Vice President & Chief Financial Officer Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Okay.
Even though inflation has been high for a long time, the allure of high-potential tech stocks persists. In May, the Federal Open Market Committee (FOMC) of the Federal Reserve Board didn't bring rates down from a record high of 5.25% to 5.5%.
Don't count Metaverse stocks to buy out just yet. Meta Platforms (NASDAQ: META ) is shifting its focus on building out its artificial intelligence and metaverse technologies.
AMD is competing with many strong businesses. However, the company did not post great results in Q1.
The stock market continues to prove its resilience despite concerns over persistent inflation. A lot of that resilience is attributable to strong earnings reports overall.
Focusing on short-term opportunities when investing is crucial. If you miss such opportunities, your regret could last a lifetime.
Industry darling Nvidia (NASDAQ: NVDA ) is set to report results on May 22 and this is the most awaited event for tech investors. Positive results boost the market and take several other tech stocks higher.
Nvidia is the bona fide leader in AI chips. However, AMD could easily eat into enough of the market to make investors happy.
I sold out of Advanced Micro Devices (NASDAQ: AMD ) recently and almost immediately regretted it. I was not unusual.