$4B vs $100B
Recent earnings reports from Nvidia’s competitor, Advanced Micro Devices, Inc (NASDAQ:AMD), indicate that Nvidia is capturing the majority of this market share, outpacing its rivals. AMD projected that its MI300 AI chip would generate around $4 billion in revenue for 2024, significantly less than Nvidia’s anticipated revenue of over $100 billion this year.
$4B vs $100B
Recent earnings reports from Nvidia’s competitor, Advanced Micro Devices, Inc (NASDAQ:AMD), indicate that Nvidia is capturing the majority of this market share, outpacing its rivals. AMD projected that its MI300 AI chip would generate around $4 billion in revenue for 2024, significantly less than Nvidia’s anticipated revenue of over $100 billion this year.