By Sean Williams
Publication Date: 2026-03-22 13:06:00
The advent and proliferation of the internet began altering corporate growth trajectories more than three decades ago. Since then, investors have been waiting (impatiently) for the next technological leap forward. While several other hyped trends followed in the footsteps of the internet, including nanotechnology, 3D printing, and blockchain technology, it’s artificial intelligence (AI) that’s truly stepped up.
Analysts at PwC believe artificial intelligence can add $15.7 trillion to the global economy by 2030. If this estimate is even remotely close, it explains why shares of graphics processing unit (GPU) titans Nvidia (NVDA 3.17%) and Advanced Micro Devices (AMD 1.94%), commonly known as “AMD,” have soared. Since the start of 2023, shares of Nvidia and AMD have climbed by 1,140% and 208%, respectively.
Image source: Getty Images.
But while the operating results of this dynamic duo validate investors’ excitement, Wall Street’s immediate reaction to their quarterly results is nothing short of a $711 billion warning that AI investors can’t ignore.
Nvidia and AMD have laid a solid foundation as GPU titans
However, before digging into the details behind this warning, investors need to understand how Nvidia and AMD became two of the most consequential companies in the AI arena.
Most of the hoopla surrounding these juggernauts stems from their GPUs. While both companies have other product lines, many of which are profitable/successful, investors’ focus has been on growth in…