Future AI Stock Set to Surpass Nvidia by 2030

Published On: August 21, 2025 6:20 am

Key Points

Nvidia leads the AI chip market with a market cap of $4.2 trillion, but Advanced Micro Devices (AMD) is gaining ground due to its diversified product offerings.
AMD’s revenue grew 32% year-over-year in Q2 2025, reaching $7.7 billion, with expectations for continued growth in AI, PCs, and gaming consoles.
Analysts predict AMD’s earnings per share will rise to $11.30 by 2030, potentially leading to a stock price of $339, marking a 109% increase from current levels.

Nvidia (NASDAQ: NVDA) dominates the AI hardware sector and has seen a 1,310% return over the past five years, but it now faces competition from Advanced Micro Devices (NASDAQ: AMD) as the latter enhances its position across various markets. AMD currently holds only 4% of the data-center graphics processing unit market, significantly trailing Nvidia’s 92% share.

$7.7 billion from a year earlier, and it expects to grow by 28% in the current quarter, supported by strong demand for its AI-focused products. With an increasing share of the PC processor market—reaching 23.9%—and beneficial contracts in its data center business, AMD anticipates robust growth leading to significant earnings increases by 2030.

Forecasts suggest that if AMD’s earnings rise to $11.30 per share by 2030, its stock could reach $339—a potential growth of 109% from current prices, outpacing Nvidia’s expected returns.

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