NVIDIA’s stock has had an incredible year. Fueled by a strong May earnings report and strong belief in the dominance of NVIDIA chips in the rapidly growing AI sphere, the stock has almost tripled from its close of $161.01 on July 17, 2022 to its now $464.61 on July 18, 2023. Today we will use Athenic AI to help us dive deeper into the stock data and find some interesting insights.
To get started, we will upload our NVDA stock data as a CSV into Athenic AI.
Using Athenic AI, I can analyze the stock data by simply asking questions. To find out what the biggest movements were in the past year, I asked "Which 5 weeks had the highest growth in close price?". Examining the results, I can see that there were several great weeks for the stock price, but that the week of May 25th was the most significant. Upon looking at news stories from the 25th, I found an NVIDIA announcement forecasting great profit for the next 3 months, and with very positive predictions for future growth.
Diving Further: Examining the Competitive Landscape
I decided to bring AMD and Intel into the narrative to see how our star performer, NVIDIA, compared in a broader arena. I loaded the rival companies' stock data into Athenic AI Mission critical data insights in seconds not days
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and tried to evaluate if the growth was limited to NVIDIA or if the sector as a whole had grown.
It is clear that the massive surge in AI products and tools is impacting more than just NVIDIA. Its compelling growth narrative loosely binds fellow tech giants AMD and Intel, all the while highlighting distinct strategies and outcomes for each player involved.
Consider AMD, an undeniable force in the semiconductor market, with a stock price that embarked from $97.40 in mid-May 2023 and steadily climbed to $124.24 by mid-June - a testament to flourishing investor confidence. AMD's journey echoes NVIDIA's with a significant leap noticeable around the end of May, a trend that, although not tied to a specific event, suggests AI's market-wide impact.
Next, we have Intel, an industry stalwart that charts a more consolidated journey compared to AMD. With a stock price that gently rose from $29.80 in mid-May to round off at $35.82 a month later, Intel demonstrates steady, if moderate, growth. In the absence of the dramatic rise experienced by NVIDIA or AMD, it remains evident that Intel is still reaping the benefits of the AI surge, though in a more moderate manner.
Taking a vantage point to view these tech giants side-by-side, NVIDIA stands tall, hitting nearly 300% growth over the year, but it's crucial to note that AMD and Intel are far from spectators in this technological race. AMD plans to release their own chip, the MI300, and Intel has announced plans for their own AI chip by 2025. This surging AI wave uplifts each of these players in its tide of growth and innovation, though NVIDIA’s head start means they will be getting the most out of it for the near future.
The dramatic rise in NVIDIA stock is no coincidence. They have positioned themselves to dominate the AI space and are, without a doubt, the leader in this space. That said, there is a rising tide here lifting all boats, and with NVIDIA already having grown as much as it has, as far as where to put your money next, all that is certain is that this sector is one worth watching.
