Nvidia and AMD Are Both ‘Strong Buys,’ Says Raymond James

So far, Nvidia (NASDAQ:NVDA) has positioned itself as the winner in the AI chip market, where it currently commands more than an 80% share. While the company has undoubtably gained advantage by cornering the market this early in the AI game, it’s unlikely the chip giant is resting on its laurels here, knowing other companies are ready to eat away at its domination.

At the forefront of those looking to steal its AI crown, is competitor Advanced Micro Devices (NASDAQ:AMD). The Lisa Su-helmed firm has already shown it can close a gap in the market. Over the past few years, it has taken a big chunk out of Intel’s prior dominance of the CPU market.