Is AMD stock a bargain buy ahead of Nvidia earnings?

Core Insights - The excitement surrounding AI is a major market driver in 2024, but Advanced Micro Devices (AMD) has not benefited as much as its competitors [1] - AMD's recent 'Advancing AI 2024' event generated temporary interest, but the stock price fell sharply following the Q3 2024 earnings call, which showed promising metrics [1] - AMD shares have decreased by 11.55% over the last 30 days, resulting in a year-to-date return of only 0.78% [1] AMD vs. Competitors - Nvidia, AMD's main competitor, is set to release its Q3 2025 earnings report on November 20, which could trigger an AI gold rush benefiting AMD as a sympathy play [3] - Nvidia's strong market position and focus on AI-related products set high expectations for the industry, contrasting with AMD's more diverse product line that dilutes its AI-specific appeal [4] - Nvidia's year-to-date returns are significantly higher at 207.08%, reflecting strong investor confidence compared to AMD [4] Future Outlook - Despite current challenges, AMD is viewed as a potentially lucrative opportunity at a reasonable valuation, but it must unlock shareholder value independently rather than relying on Nvidia's performance [6]