3 problems for the stock price of Nvidia rival AMD
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:
In the past 10 years of my life, a few things have been constant.
One, I can’t seem to drink enough water to support my insanely grueling workouts. Two, Nvidia’s (NVDA) stock price usually only goes up. Three, rival chip player AMD’s (AMD) stock price usually only goes up. And four, I don’t get enough sleep.
Happy to say three of those constants held, well, constant in 2024.
The one that didn’t? The stock price of now former highflier AMD finished the year down 17%. By comparison, Nvidia advanced 171% in 2024, Broadcom (AVGO) rose 107%, and the Nasdaq Composite (^IXIC) tacked on 28%.
AMD was the ninth most…
