At the end of April, Advanced Micro Devices Inc (NASDAQ: AMD) failed to impress, unlike Nvidia Corporation (NASDAQ: NVDA) that has been crushing investor expectations on the back of soaring AI chip sales for quite a while. It’s no secret that AMD trails the undoubtable leader Nvidia that holds as much as 80% of the thriving market for AI server semiconductors. First Quarter Highlights For the March quarter, AMD reported revenue rose 2% YoY to $5.47 billion that slightly surpassed LSEG’s estimate
Jefferies analysts are upbeat on the artificial-intelligence outlook for Astera Labs, Marvell, Broadcom, and AMD, along with top pick Nvidia.
These companies have crucial positions in tech, but one feels like a more reliable investment option.