NVDA Who? This AI Chip Maker Could Surge in 2024

Wall Street is still underestimating this name, but we see a massive opportunity... [Derby City Daily logo]( [Derby City Daily logo]( March 5, 2024 [NVDA Who? This AI Chip Maker Could Surge in 2024]( By Andy Swan If we described an artificial intelligence (AI) company that, in 2024 alone: - Is posting double-digit buzz growth... - Debuted the world’s first desktop processor with a dedicated neural processing unit (NPU), allowing users to keep generative AI project in house and self-sufficient from a third-party cloud. - Launched two new devices aimed to enhance AI features in vehicles, from safety and [autonomous driving]( to “infotainment” capabilities. - Is dropping a new line of APUs expected to triple AI performance. These APUs, or Accelerated Processing Units, combine a CPU (central processing unit) and a GPU (graphics processing unit) on a single chip to improve processing efficiency and graphics, especially in compact devices where space and power consumption are significant considerations. - Is not Nvidia (NVDA). Would you guess we were talking about Advanced Micro Devices (AMD)? RECOMMENDED LINK [The most urgent warning of my 30-year career: A.I. Code Red]( Eric Fry here. I’ve issued an urgent A.I. Code Red to help you land on the right side of the growing wealth gap as the A.I. Revolution enters a new phase. This A.I. Code Red is about more than your finances. It’s about your future. [Click here for the details]( The Overlooked AI Chip Maker In the high-stakes world of semiconductor giants, AMD has long been the scrappy underdog, nipping at the heels of industry titans like [Nvidia]( and [Intel (INTC)](. The company produces microprocessor chips, GPUs, and APUs for data centers, gaming, PCs, and enterprises under the brands Ryzen, Radeon, and others. While NVDA shares have raced 261% higher over the last year, AMD has been quietly chugging along behind it, logging a 153% gain over the same period. NVDA vs. AMD Stock Price Performance, One Year That’s a commendable performance, don’t get me wrong. But LikeFolio data suggests Wall Street may still underestimate AMD. Web visits show interesting over-performance versus industry titans NVDA and INTC: Despite a broader slowdown in PC sales, AMD's Q4 earnings exceeded expectations. The company grew revenue 10% year over year, bringing $6.17 billion in revenue compared to the consensus $6.12 billion. Gross profit was up 21% for the same period. AMD's Data Center business is booming: Quarterly revenue surged 38% year over year in this segment, driven by strong demand for its AI chips. However, the company anticipates a 10% revenue decline in Q1 2024, expecting drops in its Client and Gaming segments amid broader challenges in the PC industry’s post-pandemic growth. At LikeFolio, we see any short-term pullbacks as major entry opportunities for long-term investors. MegaTrends subscribers have made 74% and 101% on AMD [by following our lead this way](. In less than a year. RECOMMENDED LINK [Election Shock on August 19th?]( In less than 258 days, one experts expects [the biggest presidential election shock since 1968](. Forget about Donald Trump... And forget about Joe Biden... Instead, he believes the unexpected is barreling toward America. And I believe the aftermath will transform this country forever. [Click here now to see the evidence he's gathered]( Bottom line: [AI is just getting started]( and the tide is likely to lift many ships... AMD’s included. In fact, we’ve got our sights set on [something that could give you significantly more upside potential]( than even a multitrillion-dollar behemoth like NVDA could offer. We’re talking about small- and micro-cap stocks that, by successfully tapping into the power of AI, can start producing record quarter after record quarter in the blink of an eye... getting everyone’s attention on Wall Street and juicing stock prices higher. [Here’s the story on a few of our favorite picks](. Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Founder, LikeFolio Discover More Free Insights from Derby City Daily Here's what you may have missed from Derby City Daily this week... ✓ [You Don’t Need to Buy Bitcoin to Ride This Rally]( ✓ [eBay Bids on a Return to Its Roots]( ✓ [Is This the AI-Fueled Comeback Zoom Needs?]( Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [How A.I. Investing Can Improve Your Portfolio]( [25 Doomed Blue Chip Stocks]( [5 Unapologetically Profitable Stocks for 2024]( © 2024 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](