Banking giant just identified Nvidia's competitor to watch out for

Originally planned as a $4.6 billion full acquisition in August 2023, AMD has now opted to divest ZT's manufacturing operations to Sanmina for$3 billion, while retaining ZT's 1,200-person engineering team. Banking giant Citi has named chipmaker Advanced Micro Devices (NASDAQ: AMD) better positioned to challenge industry leader Nvidia (NASDAQ: NVDA) following recent strategic developments. In an investor note on May 20, Citi analyst Christopher Danely reaffirmed his 'Neutral' rating on AMD, maintaining a pr ...