AMD Reaches a $1 Trillion Market Cap. Can It Finally Dethrone Nvidia?
AMD (NASDAQ: AMD) has had an incredible year. It’s the ninth-best-performing S&P 500 (SNPINDEX: ^GSPC) stock, rising nearly 200% so far this year. That performance has pushed it to become a $1 trillion company. While Nvidia (NASDAQ: NVDA) 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.
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