Advanced Micro Devices vs. Qualcomm: Which Technology Stock Is a Better Buy in 2026?
AMD's data center momentum clashes with Qualcomm's valuation discount, but customer concentration and geopolitical risks complicate both bets.
Overview
As the artificial intelligence boom shifts from cloud servers to edge devices, investors must decide which chip titan offers better value: Advanced Micro Devices (NASDAQ:AMD) or Qualcomm (NASDAQ:QCOM)?
Advanced Micro Devices has transformed itself from a secondary CPU maker into a powerhouse in data center GPUs and high-performance computing. Meanwhile, Qualcomm is leveraging its dominance in smartphone connectivity to expand into automotive systems and on-device AI. Both companies are vying for leadership in a rapidly evolving hardware landscape.
Details
Advanced Micro Devices develops high-performance computing products for cloud infrastructure and gaming consoles. In its latest annual report, filed for the fiscal year ended December 27, 2025, the company highlighted a partnership with OpenAI and supply agreements with Microsoft (NASDAQ:MSFT). This customer concentration adds risk even as the firm expands among semiconductor stocks while integrating its new ZT Systems acquisition.
Source
Originally published at www.fool.com.