No enterprise wants to be dependent on a single supplier and in a world of booming demand for all things AI this is creating a massive opportunity for another semiconductor giant, Advanced Micro Devices, whose CEO, Dr Lisa Su, by an extraordinary coincidence is related to Jensen Huang, CEO and co-founder of Nvidia.
The chart does not yet show the explosive power of the Nvidia chart but it has just given a 'double whammy' buy signal and I have great faith in Lisa Su as a leader. AMD has been transformed since her arrival. The shares have been struggling because of excess inventories in the semiconductor industry which also hit Nvidia but these inventories are fast clearing and better times lie ahead even without the extraordinary boom in AI and data centre related demand.
There is nothing like the sales explosion taking place at AMD that is happening with Nvidia although they do expect a better second half. However they are in the hunt.
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