AMD Stock and Intel Crushed Nvidia in the First Half. Here's My Prediction for the Second Half.
These Nvidia rivals climbed in the triple digits.
Overview
Nvidia (NASDAQ: NVDA) has been the "go-to" artificial intelligence (AI) stock for a number of years. Since this tech giant is the No. 1 designer of AI chips, it's generated mind-boggling revenue growth that's reached record levels and proven itself to be a winner in the AI boom. So it's no surprise that investors have turned to the stock, pushing it to a gain of about 900% over the past five years.
But in the first half of this year, a shift took place. Investors rotated out of some of the biggest AI winners -- like Nvidia -- and picked up shares of AI stocks that hadn't yet gained as much. That movement helped fellow chip companies Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC) soar. Climbing 171% and 278%, respectively, in the first half, they crushed Nvidia. The AI chip giant advanced 7.2%, which is a pretty small gain for this stock.
Details
Will AMD and Intel keep crushing Nvidia? Here's my prediction for the second half.
Source
Originally published at www.fool.com.