![]() ![]() ![]() ![]() According to Grand View Research, the AI market is projected to expand at a compound annual growth rate of 37.3% through 2030, valued at $137 billion in 2022. Nvidia shares have skyrocketed in 2023 alongside the company's increasing potential in AI. In addition to data centers, AMD's hardware has the power to run and develop AI software, which could prove immensely lucrative over the long term. These components power data centers worldwide, with demand growing as cloud platforms such as Amazon Web Services (AWS) and Microsoft's Azure continue to expand. The company's data-center business reported revenue growth of 64% year over year to $6 billion in fiscal 2022, with operating income rising 86% to $1.8 billion.ĭata centers have provided AMD with a less consumer-reliant avenue to profit from its CPUs and graphics processing units (GPUs). In the same period, Intel's market share has fallen from 81.9% to 62.8%.ĪMD's success in PC components has allowed it to expand to other aspects of tech, which managed to make up for market headwinds last year. Since the components were released in Q1 2017, AMD's consumer CPU market share has increased from 18.1% to 32.2% in Q4 2022. The company's substantial development in recent years has largely come from the success of its Ryzen series of central processing units (CPUs) launched in 2017. Its growth has come alongside annual revenue, which has risen 264% to $23.6 billion since 2019, with operating income climbing 180% to $1.3 billion. Advanced Micro DevicesĪMD's stock has increased by 863% in the last five years and 3,600% in the last ten years. So, let's examine whether AMD or Nvidia is the better buy. Yet, both companies' stocks remain down year over year.Īs a result, now is an excellent time to consider investing in one of these companies, which will likely play crucial roles in the future of technology. AMD shares have soared 51% year to date, with Nvidia's rising 87%. Despite market headwinds, investors have rallied in 2023, growing bullish about each company's prospects in artificial intelligence (AI) and other high-growth markets. ![]()
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