The stage is set for a semiconductor showdown as Nvidia Corp NVDA and Advanced Micro Devices, Inc. AMD square off at the CES 2025.
With Nvidia riding a wave of AI-driven growth and AMD looking to regain its footing, the contrasting fortunes of these chip giants highlight the evolving dynamics in the semiconductor sector.
But will CES spark a turnaround for AMD, or will Nvidia continue its dominance?
Nvidia: Still The AI Darling
Nvidia has been on fire, boasting a jaw-dropping 189.61% gain over the past year.
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The stock is in turbo mode, with all signals pointing to strong bullish momentum:
- NVDA Price Action: At $151.21, NVDA stock sits comfortably above key SMAs (Eight-, 20-, 50- and 200-day).
- MACD (moving average convergence/divergence): Positive at 1.14, reinforcing bullish vibes.
- RSI (relative strength index): 65.52, indicating there's room to climb further.
As the world's AI obsession fuels demand, Nvidia's server partner Foxconn has clocked a 15% revenue jump, thanks to soaring AI infrastructure sales.
All eyes are now on CES 2024, where CEO Jensen Huang is set to tease the much-hyped Blackwell chip.
With supply chain hiccups in the rearview mirror, this could be the nitro boost Nvidia needs to leave its November slump in the dust.
Read Also: AMD, StradVision Team Up To Boost Driver Assistance Systems For Autonomous Cars
AMD: Trying To Catch Up
AMD, meanwhile, is stuck in neutral. The stock is down 11.25% over the past year and has shed 27.40% in six months, a stark contrast to Nvidia's ascent.
Chart created using Benzinga Pro
The technical indicators aren't offering much relief:
- AMD Price Action: At $130.13, AMD stock remains below critical SMAs (both 50- and 200-day).
- MACD: At a negative 3.61, signaling ongoing weakness.
- RSI: 51.50, stuck in neutral territory.
AMD is hoping CES 2024 will be its comeback stage, with plans to unveil RDNA 4 graphics cards and other innovations. While the company's $203.4 billion market cap is nothing to scoff at, it's clear AMD is playing catch-up as Nvidia sprints ahead in the AI race.
Chip Showdown: Nvidia Stays Ahead
Nvidia's dominance in AI and its solid technical setup make it the undeniable leader, while AMD is left fine-tuning its strategy.
For now, Nvidia's stock looks like a well-oiled machine, while AMD's engine is still warming up.
Watch Huang’s CES keynote Monday evening here:
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