"Top AI and Non-AI Stocks Rally in 2024: Analyst Insights"
TL;DR Summary
Advanced Micro Devices (AMD) and Nvidia stocks continue to outperform the S&P 500 in 2024, with AMD up 23% and Nvidia up 26% year to date. AMD is focusing on capturing the AI market with its data center GPUs, while Nvidia, with an estimated 90% share of the AI chip market, is also experiencing surging demand for its products. Both companies are expected to see growth in the coming years, making them attractive long-term investments despite their relatively high valuations.
Topics:business#advanced-micro-devices#ai-stocks#data-center-gpus#financetechnology#nvidia#semiconductor-industry
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