AMD Is Where Nvidia was 4 Years Ago — This Is Where It Begins To Catch Up

Four years ago, Nvidia (NASDAQ:NVDA | NVDA Price Prediction) sat at the dawn of the AI revolution. Its data center revenue hit $10.61 billion for fiscal 2022. Investors who spotted the GPU wave early watched the stock turn a once-relatively obscure gaming chipmaker into a multi-trillion-dollar AI powerhouse. Today, that same inflection point is unfolding for Advanced Micro Devices (NASDAQ:AMD). 

The AI market has shifted from simple chatbots to agentic systems that plan, research, code, and iterate for hours. GPUs remain essential, but CPUs now handle most of the work. AMD, with its high-core EPYC processors already gaining ground, sits exactly where Nvidia stood in 2022. This is where it starts to catch up.

The GPU Era That Made Nvidia King

For the past few years, AI meant training massive models and running fast inference. Nvidia’s GPUs defined the entire conversation. Investors priced every AI stock through the lens of GPU shortages and pricing power. That era delivered explosive results: Nvidia’s data center revenue exploded from $10.61 billion in fiscal 2022 to records exceeding $193.7 billion in 2025.

But the game has changed. Agentic AI agents no longer spit out one answer and stop. They call databases, run code, scrape websites, check results, and loop autonomously. According to Dylan Patel of SemiAnalysis, CPU-side processing now accounts for 50% to 90% of total latency in these workloads, leaving expensive GPUs idle…