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NVIDIA vs. AMD: Which Chip Stock Looks Better for 2023?
Despite the Federal Reserve hiking interest rates and the widespread “no thanks” around buying PC and gaming consoles, chipmakers NVIDIA and AMD have had decent performances in 2023. $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$
Both stocks are in the green for year-to-date growth. Both toppled analysts’ expectations with their latest earnings reports. And both are faring much better than Intel, which still can’t figure out how to stop AMD from stealing its market share.
But if you could invest in only one chipmaker for 2023, which would be the better buy? To help you answer that for yourself, let’s compare both companies, look at their 2023 outlooks, and see why investors have been bullish (or bearish) up until now.
How NVIDIA is different from AMD:
More powerful graphic cards. NVIDIA’s gaming CPUs are generally faster than AMD’s.
Undisputed leader in AI chips: NVIDIA’s strongest AI chip — the A100 — is powering the AI boom. It has led to a partnership with Microsoft to build an AI supercomputer and with Google and Oracle to create AI-as-a-service. AMD has yet to release a chip that’s even remotely comparable to the A100.
Why some investors were bullish in February:
NVIDIA’s revenue for Q4 was higher than analysts were expecting: $6.05 billion versus the consensus of $6 billion. Net income was also higher than expected at $1.4 billion versus the consensus of $1.2 billion.
NVIDIA is now the dominant supplier of AI chips. Artificial intelligence represents one of the biggest growth opportunities for the semiconductor industry, and NVIDIA is in a prime position to grow from it.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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