The Tech Stock Tango Nvidia and AMD April 2024

Описание: [1]: https://finance.yahoo.com/news/heres-... ""
[2]: https://investorplace.com/2024/04/3-t... ""
[3]: https://markets.businessinsider.com/n... ""
[4]: https://www.theglobeandmail.com/inves... ""
[5]: https://markets.businessinsider.com/n... ""

The latest news about Nvidia and AMD as of April 24, 2024, suggests that both companies are set to perform well in the tech stock market. Here are some key points:

*Nvidia (NASDAQ: NVDA)* and *Advanced Micro Devices (NASDAQ: AMD)* have delivered healthy gains to shareholders in 2023¹[1]. The stocks of these semiconductor giants could continue soaring in 2024 thanks to the emergence of a new catalyst¹[1].
The *PC market* is set to rebound in 2024¹[1]. Market research firms IDC and Canalys predict an increase in PC shipments in the new year¹[1]. This turnaround in PC sales would be great news for Nvidia and AMD as both companies supply chips for PCs¹[1].
Nvidia's graphics cards, which have a market share of more than 80% in discrete graphics cards, are used in PCs for graphics-intensive tasks¹[1]. Nvidia's gaming revenue increased 22% year over year to $2.5 billion in its fiscal 2024 second quarter¹[1].
AMD is leading the charge in AI-enabled computing for consumer devices with the Ryzen 8000 G-series processors²[2]. In 2023, sales of Ryzen 7000 Series CPUs boosted the client sector’s top-line by 62% year-over-year (YOY)²[2].
Analysts are expecting AMD's revenue to increase 17% next year to $24 billion³[4].

Please note that investing in stocks always comes with risks, and it's important to do your own research or consult with a financial advisor before making any investment decisions.