NVDA - Better Artificial Intelligence (AI) Stock: Nvidia vs. Micron Technology
2024-03-29 04:37:00 ET
Both Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU) have been highly profitable investments in the past year, with their share prices rising rapidly thanks to the way artificial intelligence (AI) has supercharged their businesses.
While Nvidia stock has gained 255% in the past year, Micron's gains stand at 91%. If you are looking to add one of these two AI stocks to your portfolio right now, which one should you be buying?
Nvidia has been the go-to supplier of graphics processing units (GPUs) for major cloud computing companies looking to train AI models. The demand for Nvidia's AI GPUs was so strong last year that its customers were waiting for as long as 11 months to get their hands on the company's hardware, according to investment bank UBS .
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Better Artificial Intelligence (AI) Stock: Nvidia vs. Micron Technology