Nvidia shares have had an exceptional year, surging by a staggering 250% since the start of 2023. This gain underscores the company's immense potential within the high-performance computing (HPC) and artificial intelligence (AI) markets.
Advanced Micro Devices also performed impressively, rising by 90% during the same period — a noteworthy feat in its own right.
Despite Nvidia's market value being more than five times that of AMD's, Wall Street analysts still believe Nvidia's stock has a more substantial upside potential. This outlook is propelled primarily by Nvidia's dominant position within the sector.
$NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$