Once just a gaming chip company, it has successfully repurposed its technology to the latest technological advancements, including artificial intelligence and the metaverse. Investors will struggle to replicate such huge returns, but semiconductor stock investors who missed out could perhaps see similar outsized gains by buying stock in one of Nvidia's main rivals, Advanced Micro Devices (NASDAQ: AMD). Admittedly, AMD may seem like a strange choice here since it has slightly exceeded Nvidia's returns since the beginning of 2015, rising by 2,700%.
Slack founder Stewart Butterfield chats with Yahoo Finance Live about the environment for technology companies.
Yahoo Finance’s Daniel Howley joins the Live show to discuss the chip sector, the impact of a macroeconomic slowdown, and Morgan Stanley lowering its price target on AMD to $95 from $102.