The stock market's rally in 2024 is largely driven by optimism surrounding AI's expected boost to tech company earnings.

Nvidia, a leader in AI chip manufacturing, is experiencing growth reminiscent of Cisco's rise in the late '90s.

AMD is challenging Nvidia's market dominance by securing a deal with Tesla for AI chip supply and launching the new MI300 GPU line.

AMD's CEO Lisa Su forecasts the AI-capable GPU market could expand to $400 billion by 2027, with the MI300 contributing an estimated $2 billion to 2024 sales.

Super Micro Computer is capitalizing on the AI chip demand surge by providing data center chips with innovative liquid cooling systems.

Both AMD and Super Micro Computer present distinct investment prospects within the burgeoning AI hardware market.