“While AMD has made significant progress, we view Nvidia hardware as generally ahead by 0.5-1 year, particularly in the system/rack approach, where AMD currently has no experience of building in large scale,” wrote BofA Securities analyst Vivek Arya in research note on Wednesday. He rates AMD stock at Buy with a $200 price target.

Advanced Micro Devices Inc. earnings are expected to show the chipmaker is increasingly benefiting from the artificial intelligence arms race.

Nvidia's evolution from a gaming chipmaker into the backbone of global AI infrastructure is one of the most successful pivots in corporate history. Its data center revenue surged from around $3 billion in fiscal 2020 to over $115 billion by fiscal 2025 -- a five-year run of hypergrowth few companies have ever matched.

If Artificial General Intelligence becomes even partially realized over the next few years, the demand for NVDA high-performance computing could soar exponentially

Symbotic (SYM) set a new 52-week high in morning trading on Aug. 5. ・The stock is showing strong technical momentum with a 100% “Buy” signal via Barchart. ・Shares are up more than 170% over the past 52 weeks.

Nvidia NVDA slipped on Tuesday as investors awaited earnings from its artificial intelligence chip rival Advanced Micro Devices AMD. Another key earnings report from Super Micro Computer SMCI is also awaited at market close.