AMD Reaches a $1 Trillion Market Cap. Can It Finally Dethrone Nvidia?
The market is pricing AMD as if it has become the best AI computing stock, but that's just not the case.
Overview
AMD (NASDAQ: AMD) has had an incredible year. It's the ninth-best-performing S&P 500 (SNPINDEX: ^GSPC) stock, rising nearly 200% so far this year. That performance has pushed it to become a $1 trillion company. While Nvidia (NASDAQ: NVDA) is still ahead at a $5.5 trillion valuation, is this a sign that AMD is finally catching up?
Let's take a look at both of these stocks and see if Nvidia investors have something to be worried about or if AMD has maximized its short-term returns.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.