Nvidia Is on Top But AMD Awaits in the Metaverse

$NVDA.US$ reported its third-quarter results that reflected strong demand for its artificial intelligence chips, allowing the chipmaker to beat expectations for both earnings and sales, as well as issue a strong forecast for the undergoing quarter.

Last week, Nvidia CEO Jensen Huang hinted that the company will be one of the main suppliers for building the virtual world that is expected to help grow the business world to unprecedented heights by creating advertising, commerce, and recreational opportunities. Nvidia already introduced the "Omniverse Enterprise" software that can be used to create virtual characters, interpret speech and create new 3D worlds.

But in this brave new virtual world, NVIDIA is likely to compete with $AMD.US$ more directly. Last week, AMD revealed that $Meta Platforms.US$ is a new customer for its Epyc server processors. AMD is certainly smaller, but its run has been just as impressive. The bigger picture is that market's two hottest chip makers have plenty of addressable markets ahead, even if Facebooks' metaverse dreams do not come true.