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The Ratings Game: AMD, Nvidia face ‘tight’ budgets from cloud-service providers even as AI grows – Vested Daily

The Ratings Game: AMD, Nvidia face ‘tight’ budgets from cloud-service providers even as AI grows

With Advanced Micro Devices Inc. making its big push into the AI data-center market at its event in San Francisco this week, following Nvidia Corp.’s similar event in late March, one analyst sees both companies launching into a tighter-than-expected market.

The growth of artificial-intelligence products, which rely on massive data centers run by cloud-service providers or “hyperscalers,” has figured highly into the performance of both Nvidia NVDA and AMD AMD this year. Nvidia shares are up 187% year to date — giving the company…

This post was originally published on Market Watch

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