Why I Continue to Prioritize AMD Stock Over Nvidia
Nvidia faces a stronger challenge from the law of large numbers.
Why I Continue to Prioritize AMD Stock Over Nvidia
Overview
In June 2022, I made what was likely a mistake by choosing to buy Advanced Micro Devices (NASDAQ: AMD) stock over Nvidia (NASDAQ: NVDA). It was a cheaper stock in terms of valuation, and this was before Nvidia's "ChatGPT moment," when the market discovered the power of Nvidia's AI accelerators.
Also, buying AMD is only a mistake in a relative sense. It is still up around 560% from my initial buy price, less than the approximate 1,240% gain in Nvidia but far above the S&P 500's gain.
Details
Moreover, although I would choose Nvidia over AMD if I could go back in time, I plan to stick with AMD going forward. Here's why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
