Can You Still Buy Advanced Micro Devices and NVIDIA?

Both NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) have performed brilliantly this year. I had recommended buying both the stocks a few months ago, and both are up considerably since then. Advanced Micro Devices in particular has provided triple-digit returns. After the recent runup, Advanced Micro Devices has less room to run and lesser safety margin than NVIDIA. Hence, Advanced Micro Devices investors should book partial profits whereas NVIDIA investors should continue holding the stock, primarily because of the company’s diverse revenue stream. A robust presence NVIDIA released Drive Px2, an in-car artificial intelligence supercomputer, earlier this year. Drive PX2 accounts for the first supercomputer built for a car. The company detailed that Drive PX2 is designed in such a way it can process 24 trillion deep learning operations per…

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