Advanced Micro Devices Inc. (AMD) and Intel Corp. (INTC) have significantly outperformed NVIDIA Corp. (NVDA) in the AI chip market, boasting triple-digit returns year-to-date. AMD’s Data Center revenue surged 107% year-over-year to $6.7 billion in Q2 2026, while Intel reported purpose-built silicon revenues nearly tripling, reaching an estimated $2 billion run rate.
For Q3 2026, AMD anticipates revenues of approximately $13 billion, suggesting a 41% year-over-year growth. Meanwhile, Intel expects GAAP revenues between $15.8-$16.8 billion, with non-GAAP earnings projected at around $0.38 per share. Both companies show strong growth potential, with AMD targeting over 80% growth in server revenue by H2 2026, and Intel’s AI divisions gaining traction across various sectors.
Brokerage firm price targets indicate a potential upside of 29.6% for AMD from its last closing price of $480.93, with estimates suggesting a possible high of $1,250. Similarly, Intel’s targets signal an average increase of 29.5% from $88.24, with potential gains reaching $200.
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