Why AMD is 'the best alternative' to Nvidia
Advanced Micro Devices (AMD) exceeded Wall Street revenue expectations in its fourth quarter earnings results, reporting revenue of $7.66 billion. However, the company reported data center revenue of $3.68 billion, missing estimates of $4.09 billion. Meanwhile, AMD's adjusted earnings per share (EPS) met estimates at $1.09. Matt Bryson, Wedbush Securities managing director of equity research for hardware, joins Market Domination Overtime to analyze AMD's performance. According to Bryson, while major tech companies are developing their own chips and processors, AMD's future still remains promising despite this potential competition. Bryson emphasizes that AMD's data center artificial intelligence (AI) chips closely mirror Nvidia's offerings, noting that AMD is "the best alternative to Nvidia" in the semiconductor industry. "At the end of the day, the AMD solution looks a whole lot more like the Nvidia solution," Bryson explains to Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith