Key Points
Advanced Micro Devices (NASDAQ: AMD) has outperformed Nvidia (NASDAQ: NVDA) in stock growth, trading up 88% over the past year as of March 20, compared to Nvidia’s 46%. Despite this, Nvidia retains significant leadership with $68.1 billion in revenue for Q4 of its 2026 fiscal year, a 70% year-over-year increase, while AMD reported $10.3 billion in revenue for Q4 of its 2025 fiscal year, marking a 34% increase.
Nvidia also boasts a higher gross margin of 75% versus AMD’s 54%, largely due to its dominance in the GPU market. However, AMD’s CPU market share has grown to 29.2% as of Q4 2025, and its price/earnings-to-growth (PEG) ratio is below 0.5, indicating potential undervaluation compared to Nvidia.
