AMD vs Intel, side by side
Both design the processors that power PCs, laptops and data centres, but they run very different businesses. AMD is fabless - it designs its CPUs and graphics chips and pays specialist factories to build them. Intel is integrated - it designs and manufactures its own chips in its own fabs, a model it is defending while rivals gain ground in AI and data-centre computing.
On our factor screen it looks strongest on growth and momentum, and weakest on income.
On our factor screen it looks strongest on growth and momentum, and weakest on income.
The numbers, side by side
| Measure |  AMD |  Intel |
|---|---|---|
| Price | $476.15 | $90.20 |
| Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'. | $776.41B | $454.97B |
| P/E: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth. | 161.4 | — |
| Div yield: Dividend yield: the yearly dividend as a percentage of the share price - roughly the income you'd earn just from dividends. | 0.0% | 0.0% |
| Revenue growth | 37.8% | 25.4% |
| 1Y: How much the share price has moved over the past year. | +165% | — |
More measures
| Forward P/E: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth. | 34.5 | 44.3 |
|---|---|---|
| Net margin | 13.4% | -19.8% |
| ROE | 8.1% | -10.7% |
| Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. | 2.47 | 2.19 |
The bolder figure is simply the larger of the two - higher is not automatically good (a higher P/E means more expectation in the price; a higher beta means bigger swings).
How they differ
AMD is roughly 1.7x the size of Intel by market value. On our factor screen AMD currently screens higher on quality, while Intel screens higher on value. AMD's shares have historically been the bumpier of the two (beta 2.47 vs 2.19).
Descriptive only - how the two compare on today's data, never a verdict on either.
AMD, in one line
AMD designs the high-performance computer chips that power everything from your home gaming console to the massive data centres running artificial intelligence.
Read the full AMD explainer →Intel, in one line
Intel is a global technology giant that designs and manufactures the computer chips that power everything from personal laptops to massive data centres.
Read the full Intel explainer →What to weigh
If sharp swings bother you, the betas differ (2.47 vs 2.19). These are facts to understand, not a verdict - read each full explainer before deciding anything.
Common questions
What is the main difference between AMD and Intel?
AMD is fabless, meaning it designs chips and outsources the manufacturing to specialist foundries. Intel does both - it designs and builds its own chips in its own factories. That integrated model gives Intel more control but also huge fixed costs, while AMD stays lighter and leans on outside manufacturing capacity.
Why are AMD and Intel often compared?
They compete head to head in the same markets - processors for PCs, servers and data centres - so a gain for one often comes at the other's expense. Both are also priced on the growth of AI computing, so shifts in that demand, or in one firm's manufacturing progress, tend to move each of them.