These 2 Semiconductor Companies Seem Unstoppable
Today's video focuses on Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). These two semiconductor stocks continue to perform strongly, ignoring most of the downturn the stock market has seen these past few days. Here are some highlights from the video.
- On Nov. 10, IBM (NYSE: IBM) Cloud announced it has chosen AMD's third-generation server processors, Milan, to expand its cloud workload solutions. During AMD's most recent third-quarter earnings, the company reported its sixth straight quarter of record server processor revenue, driven by the strong adoption of Milan.
- In the upcoming weeks, Nvidia has numerous events for the financial community: the Credit Suisse 25th Annual Technology Conference on Nov. 3, the Wells Fargo 5th Annual TMT Summit on Dec. 1, and the UBS Global TMT Virtual Conference on Dec. 6.
- Nvidia continues to showcase the strength of its software solutions. On Nov. 19, it showed how a start-up company keeps workers safe using vision AI, the Nvidia Metropolis platform, and Nvidia A100 graphics cards. On Nov. 22, it demonstrated using deep learning models to turn written phrases into images.
Click the video below for my full thoughts and analysis.
*Stock prices used were the midday prices of Nov. 24, 2021. The video was published on Nov. 24, 2021. 10 stocks we like better than Nvidia They just revealed what they believe are the ten best stocks for investors to buy right now... and Nvidia wasn't one of them! That's right -- they think these 10 stocks are even better buys. *Stock Advisor returns as of November 10, 2021
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Jose Najarro owns shares of Advanced Micro Devices and Nvidia. The Motley Fool owns shares of and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
