AMD Stock Outperformed Nvidia. Is It Still a Buy?

Advanced Micro Devices (AMD) stock is on a solid run, rewarding investors with gains that have outpaced those of its much larger rival, Nvidia (NVDA). AMD shares have climbed more than 104% over the last 12 months, reflecting enthusiasm around artificial intelligence (AI). This rally is particularly notable given the persistent skepticism surrounding AMD’s ability to compete head-to-head with Nvidia in the high-end graphics processing unit (GPU) market. Nvidia remains the dominant player in advanced GPUs, ...