NVDA - 2 Stocks With Serious Competitive Advantages
2024-07-18 07:50:00 ET
One of the tenets of successful long-term investing is betting on companies that enjoy durable competitive advantages. These competitive advantages come in many forms, but the result is the same: An edge that allows the company to outpace the competition and potentially generate outsize profits.
Two companies that enjoy significant competitive advantages are Nvidia (NASDAQ: NVDA) and Unity (NYSE: U) . Here's why these stocks should stand out to investors.
Graphics chip company Nvidia has run away with the market for AI accelerators . Its market share is estimated as high as 95% despite increasing competition from AMD , Intel , and others. Nvidia's most powerful AI chips cost tens of thousands of dollars each, a price customers are happy to pay as they race to satisfy soaring demand for AI computing capacity.
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2 Stocks With Serious Competitive Advantages