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Nvidia overtakes Apple as the second most valuable company.
(www.cnbc.com)
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this post was submitted on 05 Jun 2024
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I wonder why AMD stock hasn't really gone significantly up (500% vs over Nvidia's 3000% in last 5Y). They make GPUs too
Because of a lot of things. From graphics side RTX and DLSS left AMD catching up (even if RTX isn't really that big of a deal now), then there was Nvidia cards being better at crypto mining and now it's Nvidia cards being better at AI computation + Nvidia pivoting into AI hardware space..
If you want to boil it down to the undeniable, it's that Nvidia is just better at marketing. Everyone knows what Nvidia is doing. What is AMD doing? Besides playing catch-up to Nvidia.
In one word: cuda
This is all AI hyoe, which Nvidia is sadly much ahead of their competitors.
Problem is, that's why they're jacking up their price and pumping GPUs so quickly a good chunk of them are DOA and their customer service sucks too. No one likes dealing Nvidia on any level which is why everyone is making their own asics to get away from having to buy Nvidia gpus.