NVIDIA, AMD, and Broadcom offer three different paths into AI infrastructure. Compare their growth, margins, free cash flow, ROIC, valuation assumptions, and risks.
AMD’s latest results show a company changing scale: quarterly revenue reached $11.5 billion and Data Center revenue more than doubled year over year. The harder question is whether that growth will become durable free cash flow per diluted share—and whether the return on the capital and research required to produce it can justify the expectations … Read more