Nasdaq Bear Market: Is AMD or Nvidia the Best Buy Now?
Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD) are two of the biggest providers of artificial intelligence (AI) computing hardware, but Nvidia is much larger and more successful than AMD in this regard. However, after the latest market sell-off, each is still well off its all-time highs, with AMD down around 60% and Nvidia down 30%. That's a large difference in how far each stock is down from its all-time high, and it begs the question: Is AMD cheap enough to be a better stock pick than Nvidia?The graphics processing unit (GPU) is the most critical component in training AI models. Nvidia's CEO and co-founder, Jensen Huang, invented the GPU in 1999, and AMD also makes GPUs. These devices have a unique trait: They can process multiple calculations in parallel. This makes them ideal for workloads that need intense computing power, like AI. Furthermore, users can compound this parallel computing effect by connecting multiple GPUs together in clusters, which can include more than 100,000 GPUs right now.Continue reading
Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD) are two of the biggest providers of artificial intelligence (AI) computing hardware, but Nvidia is much larger and more successful than AMD in this regard. However, after the latest market sell-off, each is still well off its all-time highs, with AMD down around 60% and Nvidia down 30%.
That's a large difference in how far each stock is down from its all-time high, and it begs the question: Is AMD cheap enough to be a better stock pick than Nvidia?
The graphics processing unit (GPU) is the most critical component in training AI models. Nvidia's CEO and co-founder, Jensen Huang, invented the GPU in 1999, and AMD also makes GPUs. These devices have a unique trait: They can process multiple calculations in parallel. This makes them ideal for workloads that need intense computing power, like AI. Furthermore, users can compound this parallel computing effect by connecting multiple GPUs together in clusters, which can include more than 100,000 GPUs right now.
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