Analyst Bio:
Semiconductor sultans Nvidia (NVDA) - Get NVIDIA Corporation Report and Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report on Wednesday received upbeat commentaries from two analysts, though one of them sees risk.
Nvidia shares recently traded at $217.56, down 0.2%, and AMD was at $108, up 0.3%.
Hans Mosesmann of Rosenblatt Securities has a buy rating on both stocks. He likes the possibilities created by the boom in artificial intelligence, Bloomberg reports.
“The emerging transition to AI production and moderation of Moore’s Law silicon cadence is leading to the biggest semiconductor cycle,” Mosesmann wrote.
Piper Sandler’s Harsh Kumar has overweight ratings on both Santa Clara, Calif., companies, but he’s cautious.
