By Keithen Drury
Publication Date: 2026-10-04 13:14:00
AMD (AMD +2.95%) has had an incredible year. It’s the ninth-best-performing S&P 500 (^GSPC +0.73%) stock, rising nearly 200% so far this year. That performance has pushed it to become a $1 trillion company. While Nvidia (NVDA +1.34%) is still ahead at a $5.5 trillion valuation, is this a sign that AMD is finally catching up?
Let’s take a look at both of these stocks and see if Nvidia investors have something to be worried about or if AMD has maximized its short-term returns.
Image source: The Motley Fool.
Nvidia is still the leader
Both companies are competing for market share in the AI arms race. They are primarily doing this in the graphics processing unit (GPU) sector, but there are also countless other companies that operate in data centers, which are major market opportunities. Nvidia took an early lead in 2023 because its products were flat-out better than AMD’s. Nvidia had leading GPUs and software to program them, so it naturally took a huge lead to start.
Today’s Change
(2.95%) $18.18
Current Price
$633.91
Key Data Points
Market Cap
Day’s Range
$628.55 – $645.46
52wk Range
$188.22 – $645.46
Volume
19.9M
Avg Vol
23.7M
Gross Margin
50.37%
AMD is looking to close the gap and has released several promising GPUs alongside improving its programming software to compete with Nvidia’s CUDA. This is driving strong…
