All articles tagged with #data center gpus
Nvidia is poised for significant growth in 2026 due to high demand for its data center GPUs, expansion of production capacity, return to the Chinese market, and the launch of its next-generation architecture, all of which could lead to its biggest year yet.
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.
Goldman Sachs analyst Toshiya Hari maintained a Buy rating on AMD and raised the price target from $137 to $157. Hari increased revenue estimates for 2024 and 2025, citing broad-based adoption of AMD's MI300 Data Center GPU in the cloud and enterprise markets. The analyst expects early success in Data Center GPUs to drive outperformance in 2024, along with a constructive year for AMD's server CPU franchise. Hari also believes that several other semiconductor companies, including Nvidia, Arm Holdings, and Micron Technology, are well-positioned to benefit from the ongoing build-out of data center AI infrastructure.