{"id":53742,"date":"2023-12-08T17:54:00","date_gmt":"2023-12-08T17:54:00","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/amds-new-ai-chips-are-here-why-nvidia-investors-dont-need-to-worry\/"},"modified":"2023-12-08T17:54:02","modified_gmt":"2023-12-08T17:54:02","slug":"amds-new-ai-chips-are-here-why-nvidia-investors-dont-need-to-worry","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=53742","title":{"rendered":"AMD\u2019s New AI Chips Are Here. Why Nvidia Investors Don\u2019t Need to Worry."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

\n Nvidia\u2019s<\/span>
\n main rival, Advanced Micro Devices, made its case this week on why customers should buy its artificial-intelligence chips. But BofA Global Research isn\u2019t too concerned about the latest competition for Nvidia.<\/p>\n

On Wednesday, analyst Vivek Arya reiterated his \u201cTop Pick\u201d Buy rating for
\n Nvidia
\n stock and reaffirmed his $700 price target for the shares. Earlier that day,
\n AMD
\n announced its Instinct MI300X accelerators were available for sale to data center customers and server makers. The MI300X is AMD\u2019s answer to Nvidia\u2019s AI H100 data center chips.<\/p>\n

\n

\u201cWhile peer AMD launched its first competitive MI300 product (compares against NVDA circa 2022 H100) and did not present a future roadmap, NVDA has a solid multi-year roadmap with annual product cadence (versus 2 years prior),\u201d Arya wrote.<\/p>\n

In early trading Thursday, Nvidia stock was up 2% to $464.26, while AMD shares rallied 9% to $127.34.<\/p>\n

The analyst noted Nvidia will soon release its follow-up to the H100, called the H200, next year and then launch another GPU called the B100 by the end of 2024. He said the chip maker\u2019s leadership in the AI model-training market should extend into the inferencing market, which is the process of generating answers from those AI models.<\/p>\n

Arya also said Nvidia stock\u2019s valuation is attractive, trading at about 22 times 2024 per-share earnings for a company he predicts will grow its earnings by 55% to 60% year over year.<\/p>\n

\u201cNVDA is still supply constrained but improving every quarter with multi-quarter growth visibility, and well aligned with customers who take a year to design new AI data centers,\u201d the analyst wrote.<\/p>\n

Nvidia currently dominates the market for chips used for AI applications. Start-ups and corporations prefer the company\u2019s products because of its robust software programming ecosystem, CUDA.<\/p>\n

Write to Tae Kim at tae.kim@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nvidia\u2019s main rival, Advanced Micro Devices, made its case this week on why customers should buy its artificial-intelligence chips. But BofA Global Research isn\u2019t too concerned about the latest competition for Nvidia. On Wednesday, analyst Vivek Arya reiterated his \u201cTop Pick\u201d Buy rating for Nvidia stock and reaffirmed his $700 price target for the shares. […]<\/p>\n","protected":false},"author":1,"featured_media":53743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-53742","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nAMD\u2019s New AI Chips Are Here. 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