Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much?
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AMD has topped second-quarter estimates and said it was making further inroads in artificial intelligence computing.
AI chips from AMD are about 80% as fast as those from Nvidia, with a path to matching their performance, a report has found.
The Windows software maker rose as much as 1.9% to $343.84 on Thursday, above its record high set in 2021.
Amazon Web Services is considering using new artificial intelligence chips from AMD, an AWS executive said.
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AMD gets its shot to prove it’s also a player in AI computing on Tuesday when executives introduce new data centre chips.
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Nearly lost in the euphoria that Nvidia set in motion this week was a warning that not all are going to join in the AI feast.
Some analysts said Nvidia’s results show that the generative AI boom could be the next big driver of growth.