By Daniel Sparks
Publication Date: 2026-09-23 23:58:00
Advanced Micro Devices (AMD -1.47%) closed Monday, Sept. 21, with a market value above $1 trillion for the first time, making it the fourth U.S. chipmaker to clear that threshold. The stock surged almost 10% that day alone as artificial intelligence (AI) demand boosted chip stocks broadly, taking its 2026 gain to 187% as of this writing.
Nvidia (NVDA -1.47%) has had a solid year by most measures, up about 22% in 2026. Its stock has not closed at a record since mid-May, though. That gap is striking given that Nvidia is more than five times AMD’s size and, currently, the faster-growing of the two.
Both stocks now come with high expectations. The difference, I’d say, is in how much each price requires the company to prove over the next year. Here’s why I expect Nvidia stock to beat AMD over the next 12 months.
Image source: The Motley Fool.
Nvidia’s next year is largely guided
Nvidia’s fiscal 2027 second quarter (ended July 26) was another exceptional one. Revenue grew 106% year over year to $96.2 billion, an acceleration from the previous quarter, and the data center business contributed all but about $7 billion of the total. Profit kept up. Net income rose 126% year over year, to $59.7 billion. And management guided for another step up in this quarter (fiscal Q3): $108.0 billion of revenue.
On the company’s earnings call in late August, chief financial officer Colette Kress went a whole year further.
“We expect to grow revenue by approximately 70% in fiscal 2028,” Kress…
