Nvidia Stock (NVDA) vs AMD Stock - which is the Best Semiconductor Stock to Buy Now?

Okay, in this [Nvidia Stock (NVDA) vs AMD Stock - which is the Best Semiconductor Stock to Buy Now?] video we're going to be discussing the ongoing debate between AMD and Nvidia, sparked by a post in our Discord server by user @GeraldFitz. Gerald shared an interesting article about the two companies, saying that while Nvidia has been dominating the conversation lately, AMD is not far behind in terms of performance and potential for growth.

The article points out that Nvidia's stock price is currently near all-time highs, while AMD's is trading near its 200 EMA. In fact, Nvidia is currently 8% down from its all-time high, while AMD is down 33%, giving the latter more room to run in the long term. This sparked a discussion on our live stream and in the comments section about the potential of both companies in the short and long term.

Looking at AMD's chart in finviz, we can see a decline from its previous all-time high, with the stock currently trading near support. The chart also shows a declining wedge pattern, indicating a potential for further decline in the near future. This could be attributed to AMD's disappointing earnings, where they did beat EPS expectations but fell short on revenue. The main concern for investors seems to be the company's expected profitability and their ability to catch up to Nvidia.

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CHAPTERS
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00:00 - NVDA vs AMD
10:05 - BeachBum Trading Sites
10:53 - Discord Invite

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#nvda #amd #nvidiastock

REFERENCES
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Weekly Trading Game Plan Notes for 5/6 – 5/10/24 - Part 2 https://docs.google.com/document/d/1klIp_lfVTixZhgcBItf4a9pYjlGKckOUwD6xEZISm3o/edit?usp=sharing

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