2024-07-02 11:13:58 ET
Summary
- NVIDIA Corporation has had a strong year on the back of data center growth - does Advanced Micro Devices, Inc. have an opportunity to make a similar move? We don't think so.
- That said, the company is still in the AI "hunt", so to speak, and shares should see a material upside if Lisa Su and management can execute.
- The valuation is demanding, and we think the balance of risk and reward is keenly balanced here. Enter if you dare.
- We rate AMD a "Hold."
Unless you've been hiding under a rock, you're probably aware that it has been a strong year for NVIDIA Corporation ( NVDA ) so far.
The company has gone on a run for the ages, briefly topping Microsoft Corporation ( MSFT ) and Apple Inc. ( AAPL ) to become the largest company in the world by market cap:
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For further details see:
AMD: A Perplexing Mix Of Risk And Opportunity