AMD might be a better alternative to NVDA right now. Here are a few reasons why:
1. AMD has recently demonstrated stronger data center growth compared to Nvidia. 2. Nvidia appears to have reached a peak, with its revenue growth unlikely to remain as significant as before. 3. Nvidia's growth margins are slowing and even showing slight declines. 4. Nvidia's high stock price lacks a clear outlook for substantial gains.
Considering these points, I believe AMD has the potential to outperform Nvidia in the coming months. However, AMD first needs to break out of its current downtrend. If that happens, I plan to reduce my Nvidia position and allocate it to AMD.