Why Nvidia Still Outshines AMD (Archive)

This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.

Elevator Pitch

• Advanced Micro Devices, Inc. and Nvidia Corporation are well-positioned to ride an upgraded growth outlook in the AI inference market. Nvidia because it is the market leader, and AMD due to its focus.
• AMD's MI350 GPUs have on-par performance and are more cost-effective than Nvidia's Blackwell. So AMD has a golden opportunity to take share, but the onus is on it to prove itself.
• US approval for Chinese shipments can boost both AMD and NVDA's data center revenues.
• NVDA is trading at a lower valuation multiple than AMD, which makes the former more attractive, especially given its market leadership right-to-win.
• We should not ignore how the overall uptrend in NVDA vs. AMD relative technicals is still very much intact. I think it's unwise to fight the trend. Hence, I prefer NVDA stock to AMD.

Read the full article here.