Nvidia Trades at Half AMD’s Multiple — but Here's the Real Story the Market Is Missing

At first glance, it doesn’t make much sense. Nvidia (NASDAQ:NVDA | NVDA Price Prediction) — the undisputed leader of the AI chip boom — trades at roughly half the forward earnings multiple of Advanced Micro Devices (NASDAQ:AMD), a smaller rival still fighting for share. That gap might suggest the market expects a sharp slowdown from … Nvidia Trades at Half AMD’s Multiple — but Here’s the Real Story the Market Is Missing