Nvidia (NVDA) possesses solid growth attributes, which could help it handily outperform the market.
Computer systems design services company Nvidia (NASDAQ: NVDA) stock has delivered impressive gains of more than 70% so far this year, beating rival Advanced Micro Devices (NASDAQ: AMD) handsomely as investors have appreciated the graphics card specialist's robust revenue and earnings growth. In this article, we will look at the catalysts driving AMD's growth and check what makes it a better bet than Nvidia right now. Video game consoles have been in hot demand since last year.
Product shortages are generally bad for business -- unless you're in the business of making the product that's in short supply. It's for this reason that shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) -- a supplier of chips for everything from playing video games to mining cryptocurrency to performing artificial intelligence tasks -- have benefited so much from the global semiconductor shortage over the past couple of years, more than doubling in 2020 and gaining another 65% so far this year. Chipmakers are building new semiconductor plants, and planning to build even more, to capitalize on the global shortage of computer chips and the high prices that this has spawned.