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What are you researching today?
Compare NVIDIA and AMD on growth, margins and valuation. Which looks like better value today?
Pulled financialsNVDA · AMD · FY21–TTM
Computed margins and growth5 years
Checked valuation vs. historyP/E · PEG · EV/EBITDA
Read latest earnings calls2 transcripts
NA
Research note · 28 Sep 2026 · 4 sources · 14s

NVIDIA vs AMD

Better valueNVDA

NVIDIA earns more on every dollar and trades at a lower forward multiple. AMD is priced for a margin turnaround that hasn't shown up in the numbers yet.

Revenue growth
+60%
+32%
Operating margin
62.4%
10.3%
Forward P/E lower is cheaper
27.0×
64.9×
PEG under 1 = growth at a discount
0.70
1.09
Operating marginNVDAAMD
70%35%0% 62.4%10.3% FY2122232425TTM
Factor profile0–10
GrowthProfitabilityValuationBalance sheetMomentum
Where the revenue comes from
88%data centre
  • Data centre
  • Gaming
  • Other
48%data centre
  • Data centre
  • Client
  • Gaming
  • Embedded
Forward P/E vs. its 5-year range
NVDA27×
Near the bottom of its range
AMD65×
Well above its 5-year median of 38×
0×50×100×
Bottom line

NVIDIA looks like better value today. AMD is a reasonable bet only if you expect its margins to more than double.

Evidence
Strong
Investingly financials FY21–TTMPrices at last closeQ2 earnings callsSegment disclosures
Stress-test NVIDIA's marginsAdd BroadcomBuild a DCF for AMD
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