$NVIDIA Corp(NVDA)$ Nvidia — whose processing chips continue to be viewed as the gold standard is notably cheaper, with a multiple of 36.
$Advanced Micro Devices(AMD)$ trades near 50 times estimated earnings, making it the third-most expensive component of the Philadelphia Stock Exchange Semiconductor Index. AMD fell 2.4% on Wednesday. Analysts have been paring back their expectations. The consensus for AMD’s net 2024 earnings has dropped 16% over the past six months, while the view for revenue is down 6.2% over the same period. Estimates for Nvidia, in contrast, have been surging on the back of repeated blowout forecasts, and the company’s revenue is expected to soar 80% this fiscal year.
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