AMD Stock Gains Steam, But Is Nvidia Stock the Better Buy?

Advanced Micro Devices (AMD) has been on a tear lately. Over the past month, the stock has surged about 32%, with a healthy 6.5% gain just in the past week. This momentum comes on the heels of the company’s latest earnings report, which beat Wall Street expectations and reaffirmed investor confidence in AMD’s long-term growth potential, especially in the attractive data center and AI segments. On top of that, positive developments in U.S.-China trade relations have eased investor concerns and provided an additional boost to tech stocks, AMD included.

While AMD stock is trending higher, the conversation inevitably turns to its biggest competitor — Nvidia (NVDA). And when comparing the two, primarily through the lens of long-term AI growth potential and stock valuation, Nvidia may still hold the upper hand. Let’s take a closer look at these semiconductor stocks.