AMD vs NVIDIA Stock Price Comparison 2026: AI Score, Valuation, Performance and Upside
NVIDIA is the current AI infrastructure leader with stronger platform momentum, while AMD offers broader chip exposure and a challenger position in AI accelerators.
Use this NVDA vs AMD comparison to decide whether the market is paying a fair price for NVIDIA's AI leadership or offering a more attractive risk-reward in AMD's challenger setup.
NVDA holds the edge across 4 of 5 key metrics in this comparison. AMD has delivered stronger 1-year price return (+182.61% vs +24.84%), though NVDA has the better forward P/E setup (14.21x vs 30.13x for AMD). NVDA leads on both revenue growth (105.90%) and operating margin (66.24%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for NVDA (+48.66%) than for AMD (+31.85%).
- Want to own the dominant AI accelerator ecosystem with platform lock-in
- Believe data-center AI capex will sustain strong multi-year demand
- Are comfortable with a premium valuation in exchange for category leadership
- Want software (CUDA) and hardware combined in one investment
- Prefer a cheaper entry point into the AI chip opportunity
- Want diversified semiconductor exposure (CPU, GPU, embedded, client)
- Believe AMD can take meaningful AI accelerator share from NVIDIA
- Are comfortable with more cyclical revenue in exchange for potential upside
| Metric | NVDA | AMD |
|---|---|---|
| AI score | 87.6 | 86.0 |
| AI rank | #4 | #5 |
| Latest close | $217.44 | $459.61 |
| 1M return | +8.31% | -3.47% |
| 6M return | +20.77% | +140.70% |
| 1Y return | +24.84% | +182.61% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NVDA | AMD |
|---|---|---|
| 1Y ago | $12.73K (+27.3%) started 2025-09-02 | $28.32K (+183.2%) started 2025-09-02 |
| 5Y ago | $95.54K (+855.4%) started 2021-09-03 | $41.81K (+318.1%) started 2021-09-03 |
| 10Y ago | $1.42M (+14138.4%) started 2016-09-06 | $626.17K (+6161.7%) started 2016-09-06 |
Hypothetical — past performance does not guarantee future results.
| Metric | NVDA | AMD |
|---|---|---|
| Market cap | $5.25T | $760.05B |
| Trailing P/E | 27.47 | 119.07 |
| Forward P/E | 14.21 | 30.13 |
| Price/Sales | 23.66 | 24.30 |
| EV/Revenue | 17.23 | 18.19 |
| Analyst target | $323.42 | $613.84 |
| Target upside | +48.66% | +31.85% |
| Metric | NVDA | AMD |
|---|---|---|
| Revenue growth | 105.90% | 50.10% |
| Earnings growth | 127.80% | 159.50% |
| EPS growth | +127.80% | +159.50% |
| FCF margin | +13.80% | +21.41% |
| Operating margin | 66.24% | 17.25% |
| Profit margin | 63.66% | 15.58% |
| ROIC proxy | 117.21% | 10.20% |
| Return on equity | 117.21% | 10.20% |
| Dividend yield | 0.46% | N/A |
| Beta | 2.21 | 2.49 |
| Debt/equity | 16.97 | 6.36 |
| Current ratio | 4.59 | 2.61 |
| Quick ratio | 2.92 | 1.69 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NVDA | AMD |
|---|---|---|---|
| 1Y | Growth | +27.32% | +183.15% |
| CAGR | +27.40% | +183.88% | |
| Sharpe ratio | 0.71 | 1.74 | |
| Max drawdown | 20.22% | 27.76% | |
| Max daily drop | 6.20% | 17.31% | |
| Max wkly drop | 10.72% | 23.67% | |
| 5Y | Growth | +853.68% | +318.13% |
| CAGR | +57.04% | +33.15% | |
| Sharpe ratio | 1.04 | 0.71 | |
| Max drawdown | 66.34% | 65.45% | |
| Max daily drop | 16.97% | 17.31% | |
| Max wkly drop | 22.20% | 23.91% | |
| 10Y | Growth | +13906.53% | +6161.72% |
| CAGR | +64.02% | +51.32% | |
| Sharpe ratio | 1.15 | 0.93 | |
| Max drawdown | 66.34% | 65.45% | |
| Max daily drop | 18.76% | 24.23% | |
| Max wkly drop | 28.36% | 32.68% |
| Category | NVDA | AMD |
|---|---|---|
| Company | NVIDIA Corporation | Advanced Micro Devices, Inc. |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
| Core business | GPUs, AI accelerators, data center platforms, networking, software, and gaming chips. | CPUs, GPUs, adaptive computing, data center chips, gaming, and embedded processors. |
| Investor focus | AI accelerator leadership, data center growth, margins, platform durability, and valuation risk. | AI accelerator share gains, server CPU momentum, cyclicality, and margin expansion. |
- Leading AI accelerator ecosystem
- Strong data center demand from cloud and enterprise AI workloads
- Hardware plus software platform advantage
- Competitive CPU portfolio across servers and PCs
- Growing AI accelerator opportunity
- Diversified chip exposure across data center, client, gaming, and embedded markets
- High expectations already reflected in valuation
- Customer concentration among large cloud providers
- Competition from custom AI chips and alternative accelerators
- Execution risk in AI accelerator adoption
- Cyclical demand in PCs, gaming, and embedded segments
- Margin pressure from intense semiconductor competition
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