Nvidia vs AMD, side by side
Both design the chips behind gaming and artificial intelligence, and neither runs its own factories - they design, and specialist manufacturers build. But they sit in very different positions: Nvidia currently dominates the AI accelerator market, while AMD is the challenger fighting for a slice of it while also making the processors inside PCs and games consoles.
On our factor screen it looks strongest on growth and quality, and weakest on value.
On our factor screen it looks strongest on growth and momentum, and weakest on income.
The numbers, side by side
| Measure |  Nvidia |  AMD |
|---|---|---|
| Price | $200.75 | $476.15 |
| Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'. | $4.86T | $776.41B |
| 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. | 29.8 | 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. | 0.5% | 0.0% |
| Revenue growth | 85.2% | 37.8% |
| 1Y: How much the share price has moved over the past year. | +12% | +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. | 15.6 | 34.5 |
|---|---|---|
| Net margin | 63.0% | 13.4% |
| ROE | 114.3% | 8.1% |
| 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. | 2.21 | 2.47 |
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
Nvidia is roughly 6x the size of AMD by market value. On our factor screen Nvidia currently screens higher on income and quality, while AMD screens higher on momentum. AMD trades on the higher P/E (161.4 vs 29.8), so more expectation is already built into its price; and Nvidia pays a dividend (0.5%) while AMD pays little or none. Over the past year the share prices moved +12% (Nvidia) vs +165% (AMD).
Descriptive only - how the two compare on today's data, never a verdict on either.
Nvidia, in one line
The undisputed king of the AI chips data centres need to train and run their models.
Read the full Nvidia explainer →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 →What to weigh
If dividend income matters to you, the yields differ (0.5% Nvidia vs 0.0% AMD); and if sharp swings bother you, the betas differ (2.21 vs 2.47). These are facts to understand, not a verdict - read each full explainer before deciding anything.
Common questions
Are Nvidia and AMD the same kind of company?
Broadly, yes - both design chips and outsource the manufacturing. Nvidia is far larger and currently dominates AI accelerators; AMD competes across PC processors, games consoles and a growing AI line-up.
Why do their share prices often move together?
Both are priced on expectations for AI and computing demand, so news that shifts that story - data-centre spending, export rules, a rival's results - tends to move both, though rarely by the same amount.